Media headlines about Matthews International (NASDAQ:MATW) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matthews International earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.2482037759607 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Matthews International (MATW) opened at $51.70 on Friday. The company has a market cap of $1,660.00, a PE ratio of 22.58 and a beta of 1.08. The company has a quick ratio of 1.49, a current ratio of 2.09 and a debt-to-equity ratio of 1.12. Matthews International has a 1-year low of $50.10 and a 1-year high of $76.00.
Matthews International (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, November 16th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.03). The firm had revenue of $396.10 million for the quarter, compared to analyst estimates of $389.67 million. Matthews International had a return on equity of 15.77% and a net margin of 4.83%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 EPS. equities research analysts expect that Matthews International will post 3.83 earnings per share for the current year.
A number of analysts have commented on MATW shares. Zacks Investment Research upgraded shares of Matthews International from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. B. Riley reiterated a “buy” rating and issued a $92.00 price objective on shares of Matthews International in a report on Monday, November 20th. Finally, BidaskClub downgraded shares of Matthews International from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $83.50.
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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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