Multi-Color Corporation (NASDAQ:LABL) Receiving Somewhat Positive Press Coverage, Study Finds
News coverage about Multi-Color Corporation (NASDAQ:LABL) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Multi-Color Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.5550753797189 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- India vs Sri Lanka: Ajinkya’s much-awaited ton, and Mrs Rahane’s elation (wisdomsave.com)
- New York Mortgage Trust Inc (NYMT) Stock Is Crashing Now (topactu.net)
- Annual school supply drive to help students in need (ismboard.com)
- Multi-Color Corporation (NASDAQ:LABL) Declares $0.05 Quarterly Dividend (americanbankingnews.com)
- Multi-Color Corporation (NASDAQ:LABL) to Release Earnings on Tuesday (americanbankingnews.com)
Multi-Color Corporation (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, May 30th. The business services provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The firm had revenue of $244 million for the quarter, compared to the consensus estimate of $235.95 million. Multi-Color Corporation had a net margin of 6.61% and a return on equity of 16.99%. Multi-Color Corporation’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $0.05 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.20 annualized dividend and a yield of 0.25%. Multi-Color Corporation’s dividend payout ratio is presently 5.59%.
LABL has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Multi-Color Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Multi-Color Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Multi-Color Corporation currently has a consensus rating of “Hold” and a consensus price target of $78.60.
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In related news, CFO Sharon E. Birkett sold 5,000 shares of Multi-Color Corporation stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $86.20, for a total value of $431,000.00. Following the sale, the chief financial officer now directly owns 6,342 shares in the company, valued at approximately $546,680.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles B. Connolly sold 8,700 shares of Multi-Color Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $85.06, for a total transaction of $740,022.00. Following the completion of the sale, the director now owns 3,470 shares in the company, valued at $295,158.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,700 shares of company stock worth $3,330,772. 19.40% of the stock is currently owned by insiders.
About Multi-Color Corporation
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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