Multi-Color (NASDAQ:LABL) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.20-4.50 for the period, compared to the Thomson Reuters consensus estimate of $4.32.
LABL stock traded down $2.32 during mid-day trading on Wednesday, reaching $47.18. 4,082 shares of the stock traded hands, compared to its average volume of 87,306. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 2.21. Multi-Color has a 52-week low of $49.49 and a 52-week high of $89.70. The firm has a market capitalization of $1.15 billion, a PE ratio of 12.57 and a beta of 0.84.
Multi-Color (NASDAQ:LABL) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. Multi-Color had a net margin of 5.02% and a return on equity of 11.70%. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $453.46 million. During the same period in the prior year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was up 69.9% on a year-over-year basis. On average, equities research analysts anticipate that Multi-Color will post 4.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Wednesday, November 14th. Multi-Color’s dividend payout ratio is presently 5.32%.
LABL has been the subject of a number of analyst reports. ValuEngine lowered shares of Multi-Color from a sell rating to a strong sell rating in a research note on Friday, July 20th. Zacks Investment Research raised shares of Multi-Color from a hold rating to a buy rating and set a $73.00 price objective for the company in a research note on Wednesday, August 1st. BidaskClub raised shares of Multi-Color from a strong sell rating to a sell rating in a research note on Thursday, August 2nd. Finally, KeyCorp reaffirmed a hold rating on shares of Multi-Color in a research note on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Multi-Color presently has a consensus rating of Hold and a consensus price target of $67.60.
In other Multi-Color news, insider Nigel A. Vinecombe sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 62,190 shares of the company’s stock, valued at $3,786,127.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 32.20% of the stock is currently owned by corporate insiders.
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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.
Further Reading: Institutional Investors
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