Matthews International Corporation (MATW) Announces Quarterly Earnings Results
Matthews International Corporation (NASDAQ:MATW) announced its quarterly earnings data on Thursday. The company reported $1.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.03), Bloomberg Earnings reports. The business had revenue of $396.10 million during the quarter, compared to the consensus estimate of $389.67 million. Matthews International Corporation had a net margin of 5.17% and a return on equity of 16.23%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS.
Matthews International Corporation (MATW) opened at $54.35 on Friday. The company has a market capitalization of $1,836.27, a price-to-earnings ratio of 15.89 and a beta of 1.12. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.13 and a quick ratio of 1.51. Matthews International Corporation has a 12-month low of $52.85 and a 12-month high of $77.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, November 24th. This is an increase from Matthews International Corporation’s previous quarterly dividend of $0.17. Matthews International Corporation’s dividend payout ratio is 28.45%.
Several equities analysts have commented on the company. Zacks Investment Research downgraded Matthews International Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. BidaskClub downgraded Matthews International Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $83.50.
Matthews International Corporation Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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