Shares of Multi-Color Co. (NASDAQ:LABL) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $74.25.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Multi-Color from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. BidaskClub upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 30th. ValuEngine lowered shares of Multi-Color from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. TheStreet lowered shares of Multi-Color from a “b-” rating to a “c+” rating in a report on Monday, March 5th. Finally, Sidoti upgraded shares of Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a report on Monday, March 5th.
Multi-Color opened at $65.25 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.35 and a beta of 0.86. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.84 and a quick ratio of 1.32. Multi-Color has a 1 year low of $61.45 and a 1 year high of $89.70.
Multi-Color (NASDAQ:LABL) last posted its quarterly earnings results on Tuesday, May 29th. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Multi-Color had a net margin of 5.53% and a return on equity of 12.00%. The business had revenue of $449.70 million during the quarter, compared to analyst estimates of $426.99 million. During the same quarter in the previous year, the business posted $0.98 EPS. The company’s quarterly revenue was up 84.3% compared to the same quarter last year. research analysts expect that Multi-Color will post 4.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.31%. Multi-Color’s dividend payout ratio (DPR) is presently 5.32%.
In related news, CFO Sharon E. Birkett sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $68.90, for a total transaction of $930,150.00. Following the completion of the transaction, the chief financial officer now owns 13,236 shares in the company, valued at approximately $911,960.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nigel A. Vinecombe sold 32,419 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $70.01, for a total transaction of $2,269,654.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,500 shares of company stock valued at $4,430,474. 19.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LABL. We Are One Seven LLC bought a new position in shares of Multi-Color during the 4th quarter worth approximately $128,000. Stone Ridge Asset Management LLC bought a new position in shares of Multi-Color during the 4th quarter worth approximately $201,000. Quantbot Technologies LP bought a new position in shares of Multi-Color during the 1st quarter worth approximately $215,000. Xact Kapitalforvaltning AB bought a new position in shares of Multi-Color during the 1st quarter worth approximately $216,000. Finally, Citigroup Inc. raised its stake in shares of Multi-Color by 2,044.9% during the 1st quarter. Citigroup Inc. now owns 3,346 shares of the business services provider’s stock worth $221,000 after acquiring an additional 3,190 shares in the last quarter. Hedge funds and other institutional investors own 69.98% of the company’s stock.
Multi-Color Company Profile
Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.
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