Matthews International Corp (NASDAQ:MATW) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $70.50.
A number of research analysts recently weighed in on MATW shares. B. Riley dropped their price target on shares of Matthews International from $92.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, November 19th. Zacks Investment Research raised shares of Matthews International from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. BidaskClub lowered shares of Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Wellington Shields lowered shares of Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 1st.
Shares of Matthews International stock traded up $0.01 during trading hours on Friday, reaching $37.66. The company’s stock had a trading volume of 339 shares, compared to its average volume of 132,251. Matthews International has a one year low of $37.06 and a one year high of $61.25. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 9.51 and a beta of 1.10. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 1.11.
Matthews International (NASDAQ:MATW) last released its quarterly earnings data on Thursday, January 31st. The company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Matthews International had a net margin of 4.68% and a return on equity of 14.35%. The firm had revenue of $374.18 million for the quarter, compared to analyst estimates of $358.55 million. On average, research analysts forecast that Matthews International will post 4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 18th. Shareholders of record on Monday, February 4th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 1st. Matthews International’s dividend payout ratio is 20.20%.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in Matthews International by 2.7% in the fourth quarter. BlackRock Inc. now owns 4,688,448 shares of the company’s stock worth $190,444,000 after acquiring an additional 123,890 shares during the period. Vanguard Group Inc. increased its stake in shares of Matthews International by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,356,290 shares of the company’s stock worth $168,318,000 after purchasing an additional 52,096 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Matthews International by 1.6% in the third quarter. Vanguard Group Inc now owns 3,356,290 shares of the company’s stock worth $168,318,000 after purchasing an additional 52,096 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Matthews International by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,737,395 shares of the company’s stock worth $70,573,000 after purchasing an additional 141,901 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its stake in shares of Matthews International by 4.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 1,497,956 shares of the company’s stock worth $60,847,000 after purchasing an additional 57,885 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.
About Matthews International
Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The company's SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency.
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