News coverage about Matthews International (NASDAQ:MATW) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matthews International earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.1310396446723 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
MATW has been the topic of several research analyst reports. Zacks Investment Research raised Matthews International from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub downgraded Matthews International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, B. Riley reissued a “buy” rating and issued a $92.00 price target on shares of Matthews International in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $83.50.
Shares of Matthews International (MATW) opened at $54.00 on Friday. 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 stock 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.
Matthews International (NASDAQ:MATW) last posted its quarterly earnings results on Thursday, November 16th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Matthews International had a return on equity of 15.77% and a net margin of 4.83%. The business had revenue of $396.10 million for the quarter, compared to the consensus estimate of $389.67 million. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts expect that Matthews International will post 3.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.76 dividend on an annualized basis and a yield of 1.41%. This is a boost from Matthews International’s previous quarterly dividend of $0.17. Matthews International’s dividend payout ratio (DPR) is presently 33.78%.
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About Matthews International
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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