BidaskClub upgraded shares of Multi-Color (NASDAQ:LABL) from a sell rating to a hold rating in a research report released on Friday, January 19th.
Other equities research analysts have also recently issued reports about the company. Hilliard Lyons upgraded Multi-Color from a neutral rating to a buy rating in a research note on Monday, January 8th. Robert W. Baird reiterated a hold rating and issued a $80.00 price target on shares of Multi-Color in a research note on Friday, November 10th. BMO Capital Markets reiterated a hold rating and issued a $88.00 price target on shares of Multi-Color in a research note on Wednesday, October 25th. Finally, Zacks Investment Research cut Multi-Color from a strong-buy rating to a hold rating in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $76.75.
Shares of Multi-Color (NASDAQ:LABL) traded down $0.05 during trading on Friday, reaching $66.75. The company’s stock had a trading volume of 221,627 shares, compared to its average volume of 129,275. Multi-Color has a 12 month low of $65.21 and a 12 month high of $89.70. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 1.13. The company has a market cap of $1,391.13, a P/E ratio of 17.86 and a beta of 0.76.
Multi-Color (NASDAQ:LABL) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. The firm had revenue of $352.70 million for the quarter, compared to the consensus estimate of $346.37 million. During the same period in the previous year, the company posted $0.70 EPS. Multi-Color’s quarterly revenue was up 67.4% compared to the same quarter last year. equities analysts anticipate that Multi-Color will post 3.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, February 14th. Multi-Color’s payout ratio is currently 5.35%.
In other Multi-Color news, Director Robert R. Buck sold 9,530 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total value of $686,731.80. Following the sale, the director now directly owns 17,441 shares of the company’s stock, valued at $1,256,798.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of LABL. Pinebridge Investments L.P. lifted its position in Multi-Color by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock worth $143,000 after buying an additional 18 shares in the last quarter. Victory Capital Management Inc. lifted its position in Multi-Color by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,697 shares of the business services provider’s stock worth $220,000 after buying an additional 404 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Multi-Color by 7.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,990 shares of the business services provider’s stock worth $652,000 after buying an additional 540 shares in the last quarter. Voya Investment Management LLC lifted its position in Multi-Color by 10.6% during the second quarter. Voya Investment Management LLC now owns 6,680 shares of the business services provider’s stock worth $545,000 after buying an additional 642 shares in the last quarter. Finally, Comerica Bank lifted its position in Multi-Color by 4.8% during the third quarter. Comerica Bank now owns 15,000 shares of the business services provider’s stock worth $1,211,000 after buying an additional 692 shares in the last quarter. 63.73% of the stock is currently owned by institutional investors.
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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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