B. Riley Weighs in on Matthews International Corp’s Q4 2018 Earnings (MATW)

Matthews International Corp (NASDAQ:MATW) – Equities research analysts at B. Riley boosted their Q4 2018 EPS estimates for shares of Matthews International in a research note issued to investors on Monday. B. Riley analyst L. Burke now forecasts that the company will earn $1.26 per share for the quarter, up from their prior estimate of $1.21. B. Riley currently has a “Buy” rating and a $92.00 target price on the stock. B. Riley also issued estimates for Matthews International’s FY2019 earnings at $4.18 EPS.

Several other brokerages have also issued reports on MATW. ValuEngine lowered Matthews International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub upgraded Matthews International from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $83.50.

Shares of Matthews International (NASDAQ:MATW) traded down $1.00 on Tuesday, reaching $52.75. The company’s stock had a trading volume of 113,600 shares, compared to its average volume of 190,690. The stock has a market capitalization of $1,735.67, a price-to-earnings ratio of 17.18 and a beta of 1.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.48 and a current ratio of 2.10. Matthews International has a 1-year low of $50.10 and a 1-year high of $72.60.

Matthews International (NASDAQ:MATW) last issued its earnings results on Thursday, January 25th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.06. The business had revenue of $369.50 million during the quarter, compared to analyst estimates of $355.84 million. Matthews International had a return on equity of 15.09% and a net margin of 6.46%. Matthews International’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 19th. Shareholders of record on Monday, February 5th will be given a $0.19 dividend. The ex-dividend date is Friday, February 2nd. This represents a $0.76 annualized dividend and a yield of 1.44%. Matthews International’s payout ratio is currently 24.76%.

In related news, Director Tunon Alvaro Garcia acquired 1,000 shares of the stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $52.00 per share, for a total transaction of $52,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert M. Marsh acquired 3,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was bought at an average price of $55.50 per share, with a total value of $166,500.00. Following the transaction, the vice president now directly owns 16,207 shares of the company’s stock, valued at approximately $899,488.50. The disclosure for this purchase can be found here. Insiders own 3.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in MATW. Teachers Advisors LLC raised its holdings in shares of Matthews International by 2.4% during the second quarter. Teachers Advisors LLC now owns 56,632 shares of the company’s stock valued at $3,469,000 after acquiring an additional 1,314 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Matthews International by 3.7% during the second quarter. New York State Common Retirement Fund now owns 63,945 shares of the company’s stock valued at $3,917,000 after acquiring an additional 2,286 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Matthews International by 5.5% during the second quarter. UBS Asset Management Americas Inc. now owns 19,574 shares of the company’s stock valued at $1,199,000 after acquiring an additional 1,015 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Matthews International by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,105,791 shares of the company’s stock valued at $190,229,000 after acquiring an additional 24,754 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Matthews International by 14.3% during the second quarter. FMR LLC now owns 764,748 shares of the company’s stock valued at $46,841,000 after acquiring an additional 95,500 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

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About Matthews International

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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