Matthews International Corp (NASDAQ:MATW) – B. Riley issued their Q1 2018 EPS estimates for Matthews International in a research note issued to investors on Monday, Zacks Investment Research reports. B. Riley analyst L. Burke forecasts that the company will post earnings per share of $0.58 for the quarter. B. Riley currently has a “Buy” rating and a $92.00 price objective on the stock. B. Riley also issued estimates for Matthews International’s Q2 2018 earnings at $0.91 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.21 EPS and FY2019 earnings at $4.12 EPS.
Matthews International (NASDAQ:MATW) last announced its earnings results on Thursday, November 16th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). The business had revenue of $396.10 million for the quarter, compared to the consensus estimate of $389.67 million. Matthews International had a return on equity of 15.77% and a net margin of 4.83%. Matthews International’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS.
Several other equities analysts have also issued reports on MATW. Zacks Investment Research raised Matthews International from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub lowered Matthews International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Matthews International currently has a consensus rating of “Hold” and a consensus price target of $83.50.
Shares of Matthews International (MATW) traded down $1.30 during mid-day trading on Tuesday, hitting $54.00. The stock had a trading volume of 197,294 shares, compared to its average volume of 94,121. The company has a quick ratio of 1.49, a current ratio of 2.09 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $1,808.36, a PE ratio of 15.76 and a beta of 1.08. Matthews International has a 12 month low of $52.85 and a 12 month high of $77.85.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a $0.19 dividend. This is a positive change from Matthews International’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, November 24th. This represents a $0.76 annualized dividend and a yield of 1.41%. Matthews International’s dividend payout ratio is presently 33.78%.
Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP increased its holdings in shares of Matthews International by 1,289.0% in the second quarter. Quantbot Technologies LP now owns 2,139 shares of the company’s stock worth $131,000 after acquiring an additional 1,985 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Matthews International in the third quarter worth about $159,000. Riverhead Capital Management LLC increased its holdings in shares of Matthews International by 60.6% in the second quarter. Riverhead Capital Management LLC now owns 2,731 shares of the company’s stock worth $167,000 after acquiring an additional 1,031 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Matthews International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,474 shares of the company’s stock worth $213,000 after acquiring an additional 520 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of Matthews International in the third quarter worth about $213,000. 78.65% of the stock is currently owned by hedge funds and other institutional investors.
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Matthews International Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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