Multi-Color Corporation (LABL) Earns Media Sentiment Rating of 0.07
News coverage about Multi-Color Corporation (NASDAQ:LABL) has been trending somewhat positive on Monday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Multi-Color Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.9547415664006 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Multi-Color Corporation (NASDAQ:LABL) traded up 1.37% during mid-day trading on Monday, hitting $81.55. 25,108 shares of the stock were exchanged. Multi-Color Corporation has a 52-week low of $63.05 and a 52-week high of $88.25. The company has a 50 day moving average price of $78.96 and a 200 day moving average price of $77.64. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 23.50 and a beta of 0.83.
Multi-Color Corporation (NASDAQ:LABL) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $242.47 million. Multi-Color Corporation had a net margin of 6.38% and a return on equity of 15.85%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. On average, analysts anticipate that Multi-Color Corporation will post $3.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a $0.05 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Multi-Color Corporation’s payout ratio is 5.76%.
LABL has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Tuesday, August 15th. BidaskClub lowered shares of Multi-Color Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Robert W. Baird reiterated a “hold” rating on shares of Multi-Color Corporation in a research note on Friday, September 1st. Finally, KeyCorp reiterated a “sell” rating and issued a $67.00 price objective on shares of Multi-Color Corporation in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Multi-Color Corporation has a consensus rating of “Hold” and a consensus target price of $79.00.
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In other news, insider Nigel A. Vinecombe sold 25,000 shares of Multi-Color Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $80.23, for a total value of $2,005,750.00. Following the transaction, the insider now directly owns 54,309 shares of the company’s stock, valued at approximately $4,357,211.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 19.40% of the company’s stock.
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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