Headlines about Multi-Color (NASDAQ:LABL) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Multi-Color earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 44.1794074231052 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Multi-Color traded down $0.50, hitting $69.55, during midday trading on Tuesday, Marketbeat Ratings reports. 608 shares of the stock were exchanged, compared to its average volume of 125,702. Multi-Color has a 1 year low of $61.45 and a 1 year high of $89.70. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 18.50 and a beta of 0.86. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.84 and a quick ratio of 1.32.
Multi-Color (NASDAQ:LABL) last released its quarterly earnings results on Tuesday, May 29th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.06. Multi-Color had a net margin of 5.53% and a return on equity of 12.00%. The firm had revenue of $449.70 million for the quarter, compared to the consensus estimate of $426.99 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s quarterly revenue was up 84.3% on a year-over-year basis. analysts forecast that Multi-Color will post 4.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Monday, May 14th. Multi-Color’s dividend payout ratio (DPR) is 5.32%.
A number of equities analysts have recently commented on LABL shares. BidaskClub raised shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 12th. ValuEngine downgraded shares of Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Zacks Investment Research raised shares of Multi-Color from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Sidoti raised shares of Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Monday, March 5th. Finally, TheStreet downgraded shares of Multi-Color from a “b-” rating to a “c+” rating in a research note on Monday, March 5th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $77.40.
In other Multi-Color news, CFO Sharon E. Birkett sold 13,500 shares of the firm’s stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $68.90, for a total transaction of $930,150.00. Following the completion of the transaction, the chief financial officer now directly owns 13,236 shares of the company’s stock, valued at approximately $911,960.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nigel A. Vinecombe sold 32,419 shares of the firm’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $70.01, for a total transaction of $2,269,654.19. The disclosure for this sale can be found here. Insiders have sold a total of 63,500 shares of company stock worth $4,430,474 in the last ninety days. 19.40% of the stock is currently owned by insiders.
Multi-Color Corporation provides various label solutions. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; shrink sleeve labels; cut and stack glue-applied labels comprising peel-away promotional labels, thermochromics, holographics, and metalized films; and promotional products, such as scratch-off coupons, static-clings, and tags.
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