Wall Street analysts expect Multi-Color Co. (NASDAQ:LABL) to report sales of $423.65 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Multi-Color’s earnings. The highest sales estimate is $434.30 million and the lowest is $413.00 million. Multi-Color reported sales of $244.00 million in the same quarter last year, which indicates a positive year over year growth rate of 73.6%. The company is expected to issue its next earnings results on Tuesday, May 29th.

On average, analysts expect that Multi-Color will report full year sales of $423.65 million for the current year, with estimates ranging from $1.26 billion to $1.28 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.74 billion per share, with estimates ranging from $1.70 billion to $1.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Multi-Color.

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Multi-Color (NASDAQ:LABL) last issued its earnings results on Tuesday, February 6th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). The firm had revenue of $352.70 million during the quarter, compared to the consensus estimate of $346.37 million. Multi-Color had a net margin of 6.08% and a return on equity of 13.02%. The business’s quarterly revenue was up 67.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share.

A number of research firms recently issued reports on LABL. Robert W. Baird decreased their price objective on Multi-Color from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. BMO Capital Markets decreased their price objective on Multi-Color from $88.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. Sidoti upgraded Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Monday, March 5th. BidaskClub upgraded Multi-Color from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Zacks Investment Research lowered Multi-Color from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $77.40.

In related news, Director Ari J. Benacerraf acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $65.20 per share, for a total transaction of $260,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Oliver Apel acquired 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $66.68 per share, for a total transaction of $73,348.00. Following the completion of the purchase, the chief operating officer now owns 1,100 shares in the company, valued at approximately $73,348. The disclosure for this purchase can be found here. Insiders own 19.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in Multi-Color by 3.2% during the third quarter. Ameriprise Financial Inc. now owns 71,340 shares of the business services provider’s stock worth $5,846,000 after buying an additional 2,240 shares in the last quarter. Prudential Financial Inc. grew its position in Multi-Color by 22.3% during the third quarter. Prudential Financial Inc. now owns 27,703 shares of the business services provider’s stock worth $2,270,000 after buying an additional 5,050 shares in the last quarter. California Public Employees Retirement System grew its position in Multi-Color by 7.1% during the third quarter. California Public Employees Retirement System now owns 38,120 shares of the business services provider’s stock worth $3,124,000 after buying an additional 2,520 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Multi-Color by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 660,588 shares of the business services provider’s stock worth $54,135,000 after buying an additional 13,868 shares in the last quarter. Finally, Eaton Vance Management grew its position in Multi-Color by 6.0% during the fourth quarter. Eaton Vance Management now owns 300,105 shares of the business services provider’s stock worth $22,463,000 after buying an additional 16,981 shares in the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.

Shares of Multi-Color (NASDAQ:LABL) opened at $69.80 on Wednesday. The stock has a market capitalization of $1,408.51, a price-to-earnings ratio of 19.09 and a beta of 0.93. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.94 and a quick ratio of 1.41. Multi-Color has a one year low of $61.90 and a one year high of $89.70.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. Multi-Color’s payout ratio is 5.35%.

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About Multi-Color

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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