Equities research analysts expect that Multi-Color Co. (NASDAQ:LABL) will report earnings of $0.78 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Multi-Color’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.79. Multi-Color reported earnings of $0.71 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The business is expected to report its next quarterly earnings results on Tuesday, February 5th.
On average, analysts expect that Multi-Color will report full year earnings of $4.29 per share for the current fiscal year, with EPS estimates ranging from $4.27 to $4.30. For the next year, analysts anticipate that the business will report earnings of $4.51 per share, with EPS estimates ranging from $4.27 to $4.75. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Multi-Color.
Multi-Color (NASDAQ:LABL) last issued its quarterly earnings results on Tuesday, November 6th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $435.00 million for the quarter, compared to analyst estimates of $453.46 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was up 69.9% compared to the same quarter last year.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Multi-Color from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine raised Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. Finally, BidaskClub lowered Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. 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 company’s stock. Multi-Color presently has a consensus rating of “Hold” and a consensus price target of $67.60.
A number of large investors have recently added to or reduced their stakes in LABL. Citadel Advisors LLC bought a new stake in shares of Multi-Color in the second quarter worth about $3,436,000. Laurion Capital Management LP bought a new stake in shares of Multi-Color in the second quarter worth about $207,000. BlackRock Inc. increased its holdings in shares of Multi-Color by 8.6% in the second quarter. BlackRock Inc. now owns 1,935,538 shares of the business services provider’s stock worth $125,133,000 after acquiring an additional 153,887 shares in the last quarter. King Luther Capital Management Corp bought a new stake in shares of Multi-Color in the second quarter worth about $995,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Multi-Color by 84.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 316,841 shares of the business services provider’s stock worth $19,723,000 after acquiring an additional 144,927 shares in the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:LABL traded down $0.84 during mid-day trading on Friday, hitting $39.61. The company had a trading volume of 98,462 shares, compared to its average volume of 120,603. Multi-Color has a fifty-two week low of $38.96 and a fifty-two week high of $89.70. The company has a current ratio of 1.84, a quick ratio of 1.42 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $829.93 million, a price-to-earnings ratio of 10.53 and a beta of 0.77.
The business also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, November 14th. Multi-Color’s payout ratio is 5.32%.
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.
Further Reading: Are all No-Load Funds Equal?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Multi-Color Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Color and related companies with MarketBeat.com's FREE daily email newsletter.