Multi-Color Co. (LABL) Expected to Announce Quarterly Sales of $453.00 Million

Brokerages predict that Multi-Color Co. (NASDAQ:LABL) will report sales of $453.00 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Multi-Color’s earnings, with estimates ranging from $440.00 million to $466.00 million. Multi-Color reported sales of $256.03 million in the same quarter last year, which indicates a positive year-over-year growth rate of 76.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Multi-Color will report full year sales of $1.79 billion for the current year, with estimates ranging from $1.79 billion to $1.80 billion. For the next year, analysts forecast that the firm will post sales of $1.84 billion, with estimates ranging from $1.83 billion to $1.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Multi-Color.

Multi-Color (NASDAQ:LABL) last released its quarterly earnings results on Tuesday, August 7th. The business services provider reported $1.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.06. Multi-Color had a net margin of 5.02% and a return on equity of 11.70%. The business had revenue of $456.13 million for the quarter, compared to the consensus estimate of $442.85 million.

LABL has been the topic of several recent analyst reports. BidaskClub downgraded shares of Multi-Color from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of Multi-Color from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, ValuEngine downgraded shares of Multi-Color from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Multi-Color currently has an average rating of “Hold” and an average target price of $72.00.

Shares of LABL stock traded down $1.23 on Friday, hitting $55.75. 78,649 shares of the stock traded hands, compared to its average volume of 109,715. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 14.83 and a beta of 0.67. Multi-Color has a 52 week low of $55.11 and a 52 week high of $89.70. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.97 and a quick ratio of 1.49.

In other news, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $60.88, for a total transaction of $1,522,000.00. Following the sale, the insider now directly owns 62,190 shares in the company, valued at approximately $3,786,127.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.20% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in Multi-Color by 13.6% in the 2nd quarter. FMR LLC now owns 2,011,782 shares of the business services provider’s stock valued at $130,062,000 after acquiring an additional 240,099 shares during the last quarter. BlackRock Inc. increased its holdings in Multi-Color by 8.6% in the 2nd quarter. BlackRock Inc. now owns 1,935,538 shares of the business services provider’s stock valued at $125,133,000 after acquiring an additional 153,887 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Multi-Color by 3.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,004,943 shares of the business services provider’s stock valued at $64,970,000 after acquiring an additional 31,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Multi-Color by 25.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 933,600 shares of the business services provider’s stock valued at $60,358,000 after acquiring an additional 191,424 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Multi-Color by 4.7% in the 1st quarter. Royal Bank of Canada now owns 466,307 shares of the business services provider’s stock valued at $30,799,000 after acquiring an additional 21,067 shares during the last quarter. Hedge funds and other institutional investors own 70.38% 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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Earnings History and Estimates for Multi-Color (NASDAQ:LABL)

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