Multi-Color Corporation (NASDAQ:LABL) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.05 per share by the business services provider on Friday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Tuesday, November 14th.
Shares of Multi-Color Corporation (NASDAQ LABL) opened at $71.40 on Monday. Multi-Color Corporation has a one year low of $63.05 and a one year high of $88.25. The company has a market cap of $1,459.46, a P/E ratio of 19.83 and a beta of 0.78. The company has a current ratio of 1.96, a quick ratio of 1.48 and a debt-to-equity ratio of 1.13.
Multi-Color Corporation (NASDAQ:LABL) last released its earnings results on Tuesday, November 7th. The business services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.05). Multi-Color Corporation had a return on equity of 15.52% and a net margin of 6.10%. The firm had revenue of $256.03 million for the quarter, compared to the consensus estimate of $246.61 million. During the same quarter in the previous year, the business posted $0.99 EPS. Multi-Color Corporation’s revenue was up 10.3% on a year-over-year basis. equities analysts forecast that Multi-Color Corporation will post 3.85 earnings per share for the current year.
In related news, Chairman Nigel A. Vinecombe sold 3,081 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $82.15, for a total value of $253,104.15. Following the completion of the transaction, the chairman now directly owns 54,309 shares of the company’s stock, valued at $4,461,484.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nigel A. Vinecombe sold 14,699 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $82.09, for a total transaction of $1,206,640.91. Following the completion of the transaction, the insider now directly owns 54,309 shares of the company’s stock, valued at $4,458,225.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,846 shares of company stock valued at $5,194,386. Insiders own 19.40% of the company’s stock.
A number of equities research analysts have commented on the stock. KeyCorp restated a “sell” rating and set a $67.00 target price on shares of Multi-Color Corporation in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Multi-Color Corporation from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $88.00 price objective on shares of Multi-Color Corporation in a report on Monday, September 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $85.00 price objective on shares of Multi-Color Corporation in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Multi-Color Corporation has an average rating of “Hold” and a consensus target price of $82.75.
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About Multi-Color Corporation
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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