Wall Street analysts expect that Multi-Color Co. (NASDAQ:LABL) will post $1.18 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Multi-Color’s earnings. The highest EPS estimate is $1.22 and the lowest is $1.14. Multi-Color reported earnings per share of $1.06 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is expected to announce its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Multi-Color will report full-year earnings of $4.31 per share for the current financial year, with EPS estimates ranging from $4.27 to $4.35. For the next fiscal year, analysts anticipate that the business will post earnings of $4.77 per share, with EPS estimates ranging from $4.53 to $5.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Multi-Color.
Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported $1.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.06. Multi-Color had a net margin of 5.02% and a return on equity of 11.70%. The firm had revenue of $456.13 million for the quarter, compared to analysts’ expectations of $442.85 million.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Multi-Color from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. ValuEngine raised shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub raised shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Multi-Color in a research note on Tuesday, August 7th. 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 company. The stock has a consensus rating of “Hold” and a consensus target price of $72.00.
LABL stock traded down $0.01 during midday trading on Thursday, reaching $62.04. The company’s stock had a trading volume of 322 shares, compared to its average volume of 110,541. Multi-Color has a 52 week low of $57.76 and a 52 week high of $89.70. The stock has a market cap of $1.28 billion, a PE ratio of 16.50 and a beta of 0.67. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.49 and a current ratio of 1.97.
In other Multi-Color news, insider Nigel A. Vinecombe sold 25,000 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $60.88, for a total value of $1,522,000.00. Following the sale, the insider now directly owns 62,190 shares in the company, valued at $3,786,127.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 32.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. raised its holdings in Multi-Color by 19.5% in the second quarter. Sei Investments Co. now owns 4,820 shares of the business services provider’s stock worth $312,000 after purchasing an additional 785 shares during the period. OppenheimerFunds Inc. raised its holdings in Multi-Color by 9.6% in the first quarter. OppenheimerFunds Inc. now owns 9,729 shares of the business services provider’s stock worth $643,000 after purchasing an additional 855 shares during the period. Swiss National Bank raised its holdings in Multi-Color by 5.4% in the first quarter. Swiss National Bank now owns 25,300 shares of the business services provider’s stock worth $1,671,000 after purchasing an additional 1,300 shares during the period. Victory Capital Management Inc. raised its holdings in Multi-Color by 40.0% in the first quarter. Victory Capital Management Inc. now owns 4,621 shares of the business services provider’s stock worth $305,000 after purchasing an additional 1,320 shares during the period. Finally, Legal & General Group Plc raised its holdings in Multi-Color by 6.2% in the second quarter. Legal & General Group Plc now owns 27,399 shares of the business services provider’s stock worth $1,777,000 after purchasing an additional 1,591 shares during the period. Institutional investors own 70.38% of the company’s stock.
Multi-Color Company Profile
Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.
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