Multi-Color Corporation (LABL) Given News Impact Rating of 0.10
Headlines about Multi-Color Corporation (NASDAQ:LABL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Multi-Color Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.0201564229801 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Multi-Color Corporation (NASDAQ LABL) traded up 0.12% during trading on Friday, hitting $82.20. 34,431 shares of the stock traded hands. The stock has a 50 day moving average price of $79.21 and a 200-day moving average price of $78.07. Multi-Color Corporation has a 52-week low of $63.05 and a 52-week high of $88.25. The stock has a market cap of $1.40 billion, a P/E ratio of 23.69 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Multi-Color Corporation had a return on equity of 15.85% and a net margin of 6.38%. The firm had revenue of $242.40 million for the quarter, compared to analyst estimates of $242.47 million. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that Multi-Color Corporation will post $3.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.05 per share. The ex-dividend date was Friday, August 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Multi-Color Corporation’s dividend payout ratio (DPR) is 5.76%.
Several research firms have recently commented on LABL. Zacks Investment Research downgraded shares of Multi-Color Corporation from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Robert W. Baird reissued a “hold” rating on shares of Multi-Color Corporation in a report on Friday, September 1st. KeyCorp reissued a “sell” rating and issued a $67.00 target price on shares of Multi-Color Corporation in a report on Friday, August 25th. Finally, BidaskClub downgraded shares of Multi-Color Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Multi-Color Corporation presently has an average rating of “Hold” and an average price target of $79.00.
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In other news, insider Nigel A. Vinecombe sold 25,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $80.23, for a total transaction of $2,005,750.00. Following the transaction, the insider now owns 54,309 shares in the company, valued at approximately $4,357,211.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 19.40% of the company’s stock.
Multi-Color Corporation Company Profile
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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