Multi-Color Co. (NASDAQ:LABL) – Investment analysts at KeyCorp decreased their Q3 2019 earnings estimates for Multi-Color in a research note issued to investors on Tuesday, November 6th. KeyCorp analyst A. Josephson now expects that the business services provider will post earnings per share of $0.79 for the quarter, down from their prior estimate of $0.82. KeyCorp has a “Underweight” rating and a $57.00 price target on the stock. KeyCorp also issued estimates for Multi-Color’s Q4 2019 earnings at $1.24 EPS and FY2020 earnings at $4.27 EPS.
LABL has been the topic of several other research reports. ValuEngine raised Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub raised Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research raised Multi-Color from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Wednesday, August 1st. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $67.60.
Shares of LABL opened at $45.50 on Friday. Multi-Color has a twelve month low of $44.87 and a twelve month high of $89.70. The company has a market capitalization of $972.98 million, a price-to-earnings ratio of 12.10 and a beta of 0.84. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.49 and a current ratio of 1.84.
Multi-Color (NASDAQ:LABL) last announced its quarterly earnings data on Tuesday, November 6th. The business services provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. Multi-Color had a return on equity of 11.35% and a net margin of 4.99%. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $453.46 million. During the same quarter in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 69.9% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Wednesday, November 14th. Multi-Color’s dividend payout ratio (DPR) is 5.32%.
In other news, insider Nigel A. Vinecombe sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $60.88, for a total transaction of $1,522,000.00. Following the sale, the insider now owns 62,190 shares of the company’s stock, valued at approximately $3,786,127.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.20% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in LABL. Advisors Asset Management Inc. raised its position in shares of Multi-Color by 9,037.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 272,302 shares of the business services provider’s stock worth $182,000 after purchasing an additional 269,322 shares during the last quarter. FMR LLC raised its position in shares of Multi-Color by 13.6% during the 2nd quarter. FMR LLC now owns 2,011,782 shares of the business services provider’s stock worth $130,062,000 after purchasing an additional 240,099 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Multi-Color by 25.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 933,600 shares of the business services provider’s stock worth $60,358,000 after purchasing an additional 191,424 shares during the last quarter. BlackRock Inc. raised its position in shares of Multi-Color by 8.6% during the 2nd quarter. BlackRock Inc. now owns 1,935,538 shares of the business services provider’s stock worth $125,133,000 after purchasing an additional 153,887 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Multi-Color by 84.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 316,841 shares of the business services provider’s stock valued at $19,723,000 after acquiring an additional 144,927 shares during the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.
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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