Multi-Color Corporation (NASDAQ:LABL) CEO Michael Julian Henry purchased 1,000 shares of the stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $71.03 per share, for a total transaction of $71,030.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Multi-Color Corporation (NASDAQ:LABL) traded down $0.55 during trading hours on Friday, hitting $72.75. 111,914 shares of the company’s stock were exchanged, compared to its average volume of 58,615. Multi-Color Corporation has a 1 year low of $63.05 and a 1 year high of $88.25. The firm has a market cap of $1,490.00, a price-to-earnings ratio of 20.13 and a beta of 0.77. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96.
Multi-Color Corporation (NASDAQ:LABL) last announced its earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $256.03 million for the quarter, compared to analyst estimates of $246.61 million. During the same quarter in the previous year, the company earned $0.99 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. analysts forecast that Multi-Color Corporation will post 3.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. Multi-Color Corporation’s payout ratio is presently 5.88%.
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Several research firms have weighed in on LABL. Robert W. Baird reissued a “hold” rating and issued a $80.00 price target on shares of Multi-Color Corporation in a report on Friday, November 10th. Zacks Investment Research cut shares of Multi-Color Corporation from a “hold” rating to a “sell” rating in a report on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and issued a $88.00 price target on shares of Multi-Color Corporation in a report on Wednesday, October 25th. Finally, KeyCorp reissued a “sell” rating and issued a $67.00 price target on shares of Multi-Color Corporation in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Multi-Color Corporation has a consensus rating of “Hold” and a consensus price target of $82.75.
Several large investors have recently made changes to their positions in LABL. Parametric Portfolio Associates LLC grew its position in shares of Multi-Color Corporation by 44.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 21,385 shares of the business services provider’s stock worth $1,518,000 after purchasing an additional 6,602 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Multi-Color Corporation by 31.2% during the 1st quarter. JPMorgan Chase & Co. now owns 17,073 shares of the business services provider’s stock worth $1,212,000 after purchasing an additional 4,062 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Multi-Color Corporation by 6.3% during the 1st quarter. Teachers Advisors LLC now owns 23,509 shares of the business services provider’s stock worth $1,669,000 after purchasing an additional 1,400 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Multi-Color Corporation by 0.9% during the 1st quarter. Legal & General Group Plc now owns 22,063 shares of the business services provider’s stock worth $1,566,000 after acquiring an additional 190 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Multi-Color Corporation by 5.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,450 shares of the business services provider’s stock worth $529,000 after acquiring an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 60.66% of the company’s stock.
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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