Matthews International Corporation (NASDAQ:MATW) – B. Riley issued their Q1 2018 earnings estimates for Matthews International Corporation in a note issued to investors on Monday. B. Riley analyst L. Burke forecasts that the company will earn $0.58 per share for the quarter. B. Riley currently has a “Buy” rating and a $92.00 target price on the stock. B. Riley also issued estimates for Matthews International Corporation’s Q2 2018 earnings at $0.91 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.21 EPS and FY2019 earnings at $4.12 EPS.
Matthews International Corporation (NASDAQ:MATW) last released its quarterly earnings results on Thursday, November 16th. The company reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.03). The business had revenue of $396.10 million for the quarter, compared to the consensus estimate of $389.67 million. Matthews International Corporation had a return on equity of 16.16% and a net margin of 4.83%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. COPYRIGHT VIOLATION WARNING: “Equities Analysts Offer Predictions for Matthews International Corporation’s Q1 2018 Earnings (MATW)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/21/equities-analysts-offer-predictions-for-matthews-international-corporations-q1-2018-earnings-matw.html.
A number of other equities research analysts have also commented on MATW. BidaskClub lowered Matthews International Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research lowered Matthews International Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $86.33.
Matthews International Corporation (NASDAQ:MATW) traded down $0.90 during midday trading on Tuesday, reaching $53.45. The company had a trading volume of 117,600 shares, compared to its average volume of 91,805. The company has a market cap of $1,749.36, a price-to-earnings ratio of 15.22 and a beta of 1.12. Matthews International Corporation has a 1-year low of $52.85 and a 1-year high of $77.85. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.51 and a current ratio of 2.13.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clarkston Capital Partners LLC lifted its holdings in Matthews International Corporation by 0.5% during the 2nd quarter. Clarkston Capital Partners LLC now owns 1,077,161 shares of the company’s stock worth $65,976,000 after buying an additional 5,245 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Matthews International Corporation by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock worth $466,000 after buying an additional 270 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Matthews International Corporation by 29.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 15,682 shares of the company’s stock worth $961,000 after buying an additional 3,537 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Matthews International Corporation by 3.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 46,596 shares of the company’s stock worth $2,851,000 after buying an additional 1,520 shares in the last quarter. Finally, Channing Capital Management LLC lifted its holdings in Matthews International Corporation by 2.3% during the 2nd quarter. Channing Capital Management LLC now owns 785,667 shares of the company’s stock worth $48,122,000 after buying an additional 18,004 shares in the last quarter. Institutional investors and hedge funds own 77.96% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, November 24th. This is a positive change from Matthews International Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.42%. Matthews International Corporation’s dividend payout ratio is 30.22%.
Matthews International Corporation Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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