Press coverage about Matthews International (NASDAQ:MATW) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matthews International earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 48.577504039514 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Matthews International from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Tuesday, May 1st. ValuEngine downgraded shares of Matthews International from a “hold” rating to a “sell” rating in a report on Friday, April 27th. BidaskClub downgraded shares of Matthews International from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 20th. Finally, Wellington Shields upgraded shares of Matthews International from a “hold” rating to a “gradually accumulate” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $73.67.
Shares of Matthews International stock opened at $51.30 on Wednesday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 14.25 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.08 and a debt-to-equity ratio of 1.20. Matthews International has a one year low of $47.70 and a one year high of $67.00.
Matthews International (NASDAQ:MATW) last announced its earnings results on Thursday, April 26th. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $414.10 million during the quarter, compared to the consensus estimate of $395.99 million. Matthews International had a net margin of 6.53% and a return on equity of 14.69%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. sell-side analysts anticipate that Matthews International will post 3.89 EPS for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.76 dividend on an annualized basis and a yield of 1.48%. Matthews International’s dividend payout ratio is presently 21.11%.
In other Matthews International news, Director Tunon Alvaro Garcia purchased 2,000 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were acquired at an average price of $50.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director now owns 24,759 shares of the company’s stock, valued at $1,237,950. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by insiders.
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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