Multi-Color (LABL) Releases Quarterly Earnings Results

Multi-Color (NASDAQ:LABL) released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01), Bloomberg Earnings reports. The business had revenue of $352.70 million for the quarter, compared to the consensus estimate of $346.37 million. Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. The firm’s revenue was up 67.4% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share.

Shares of Multi-Color (LABL) opened at $66.80 on Wednesday. The company has a market capitalization of $1,391.13, a price-to-earnings ratio of 17.86 and a beta of 0.76. Multi-Color has a 12 month low of $65.21 and a 12 month high of $89.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.94.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. Multi-Color’s dividend payout ratio is currently 5.35%.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Multi-Color from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, January 19th. BMO Capital Markets decreased their price objective on Multi-Color from $88.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 7th. Robert W. Baird decreased their price objective on Multi-Color from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. BidaskClub lowered Multi-Color from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Hilliard Lyons upgraded Multi-Color from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $76.75.

In related news, Director Robert R. Buck sold 9,530 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total transaction of $686,731.80. Following the sale, the director now owns 17,441 shares of the company’s stock, valued at approximately $1,256,798.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC raised its stake in Multi-Color by 2.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,387 shares of the business services provider’s stock worth $2,969,000 after buying an additional 1,040 shares during the period. Prudential Financial Inc. raised its stake in Multi-Color by 22.3% during the 3rd quarter. Prudential Financial Inc. now owns 27,703 shares of the business services provider’s stock worth $2,270,000 after buying an additional 5,050 shares during the period. Ameriprise Financial Inc. raised its stake in Multi-Color by 3.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 71,340 shares of the business services provider’s stock worth $5,846,000 after buying an additional 2,240 shares during the period. Parametric Portfolio Associates LLC raised its stake in Multi-Color by 45.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 31,099 shares of the business services provider’s stock worth $2,538,000 after buying an additional 9,714 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in Multi-Color by 48.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock worth $13,944,000 after buying an additional 55,428 shares during the period. 63.73% of the stock is currently owned by institutional investors and hedge funds.

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About Multi-Color

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.

Earnings History for Multi-Color (NASDAQ:LABL)

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