Matthews International Corp (NASDAQ:MATW) – B. Riley cut their Q2 2019 EPS estimates for shares of Matthews International in a research report issued on Monday, February 4th. B. Riley analyst L. Burke now forecasts that the company will post earnings of $1.05 per share for the quarter, down from their previous estimate of $1.07. B. Riley currently has a “Buy” rating and a $80.00 target price on the stock.
Several other research firms also recently weighed in on MATW. BidaskClub downgraded shares of Matthews International from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 5th. Zacks Investment Research downgraded shares of Matthews International from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Finally, Wellington Shields downgraded shares of Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.00.
NASDAQ:MATW opened at $40.32 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 1.11. Matthews International has a twelve month low of $37.06 and a twelve month high of $61.25. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 10.18 and a beta of 1.10.
Matthews International (NASDAQ:MATW) last posted its earnings results on Thursday, January 31st. The company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Matthews International had a net margin of 4.68% and a return on equity of 14.35%. The firm had revenue of $374.18 million during the quarter, compared to the consensus estimate of $358.55 million.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 18th. Shareholders of record on Monday, February 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.98%. Matthews International’s dividend payout ratio is currently 20.20%.
In other news, insider David A. Schawk purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average cost of $40.93 per share, with a total value of $40,930.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Smithfield Trust Co. boosted its stake in shares of Matthews International by 133.3% during the 4th quarter. Smithfield Trust Co. now owns 700 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Matthews International during the 4th quarter worth about $85,000. Toth Financial Advisory Corp boosted its stake in shares of Matthews International by 42.4% during the 3rd quarter. Toth Financial Advisory Corp now owns 4,217 shares of the company’s stock worth $212,000 after purchasing an additional 1,255 shares during the last quarter. Manning & Napier Group LLC acquired a new stake in shares of Matthews International during the 3rd quarter worth about $306,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Matthews International during the 3rd quarter worth about $322,000. 83.29% of the stock is currently owned by institutional investors.
About Matthews International
Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The company's SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency.
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