Matthews International Co. (MATW) Updates FY13 Earnings Guidance
Matthews International Co. (MATW) issued an update on its FY13 earnings guidance on Thursday morning. The company provided EPS guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51.
Shares of Matthews International Co. (MATW) traded up 2.53% during mid-day trading on Thursday, hitting $33.64. Matthews International Co. (MATW) has a one year low of $27.42 and a one year high of $34.36. The stock’s 50-day moving average is currently $32.14. The company has a market cap of $925.0 million and a P/E ratio of 16.57.
Matthews International last posted its quarterly earnings results on Thursday, January 17th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.13. The company had revenue of $225.61 million for the quarter, compared to the consensus estimate of $220.48 million. During the same quarter in 2012, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Matthews International has set its FY13 guidance at $2.45-2.55 EPS. On average, analysts predict that Matthews International Co. (MATW) will post $2.49 earnings per share for the current fiscal year.
Matthews International Corporation (Mathews) is a designer, manufacturer and marketer of memorialization products and brand solutions.
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