Matthews International (NASDAQ:MATW) is scheduled to release its earnings data after the market closes on Thursday, April 26th. Analysts expect Matthews International to post earnings of $0.94 per share for the quarter.
Matthews International (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.06. The firm had revenue of $369.50 million for the quarter, compared to analyst estimates of $355.84 million. Matthews International had a net margin of 6.46% and a return on equity of 15.09%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, analysts expect Matthews International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Matthews International stock opened at $51.40 on Wednesday. The firm has a market capitalization of $1,667.86, a price-to-earnings ratio of 14.28 and a beta of 1.12. 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 52-week low of $48.75 and a 52-week high of $72.60.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 30th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, April 27th. Matthews International’s dividend payout ratio (DPR) is presently 21.11%.
In other news, Director Tunon Alvaro Garcia bought 1,000 shares of Matthews International stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $52.00 per share, for a total transaction of $52,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert M. Marsh bought 3,000 shares of Matthews International stock in a transaction dated Tuesday, January 30th. The stock was purchased at an average price of $55.50 per share, for a total transaction of $166,500.00. Following the purchase, the vice president now directly owns 16,207 shares in the company, valued at approximately $899,488.50. The disclosure for this purchase can be found here. 3.80% of the stock is currently owned by insiders.
Several brokerages have issued reports on MATW. Zacks Investment Research lowered shares of Matthews International from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. BidaskClub raised shares of Matthews International from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. B. Riley set a $92.00 price target on shares of Matthews International and gave the company a “buy” rating in a report on Monday, February 12th. Finally, ValuEngine lowered shares of Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Matthews International has a consensus rating of “Hold” and an average target price of $74.33.
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Matthews International Company Profile
Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging manufacturers; and creative digital graphics services, as well as designs, engineers, manufactures, and executes merchandising and display systems.
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