Matthews International Corp (MATW) Expected to Post Q1 2019 Earnings of $0.61 Per Share
Matthews International Corp (NASDAQ:MATW) – Analysts at B. Riley issued their Q1 2019 earnings estimates for Matthews International in a report released on Monday, November 19th. B. Riley analyst L. Burke anticipates that the company will post earnings of $0.61 per share for the quarter. B. Riley currently has a “Buy” rating and a $80.00 price target on the stock. B. Riley also issued estimates for Matthews International’s Q2 2019 earnings at $1.01 EPS, Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $1.33 EPS and FY2019 earnings at $4.17 EPS.
Matthews International (NASDAQ:MATW) last announced its earnings results on Thursday, November 15th. The company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.02. The company had revenue of $407.44 million during the quarter, compared to analyst estimates of $398.03 million. Matthews International had a net margin of 6.70% and a return on equity of 15.08%.
Shares of MATW stock opened at $41.17 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.05 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 10.40 and a beta of 1.18. Matthews International has a 1-year low of $39.74 and a 1-year high of $61.25.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, November 23rd. This is a boost from Matthews International’s previous quarterly dividend of $0.19. Matthews International’s dividend payout ratio is currently 19.19%.
Several institutional investors and hedge funds have recently modified their holdings of MATW. Principal Financial Group Inc. lifted its position in shares of Matthews International by 0.4% during the first quarter. Principal Financial Group Inc. now owns 247,540 shares of the company’s stock worth $12,526,000 after purchasing an additional 950 shares in the last quarter. Toth Financial Advisory Corp lifted its position in shares of Matthews International by 797.6% during the second quarter. Toth Financial Advisory Corp now owns 2,962 shares of the company’s stock worth $174,000 after purchasing an additional 2,632 shares in the last quarter. Northpointe Capital LLC lifted its position in shares of Matthews International by 22.3% during the second quarter. Northpointe Capital LLC now owns 80,058 shares of the company’s stock worth $4,707,000 after purchasing an additional 14,574 shares in the last quarter. Ironwood Investment Counsel LLC lifted its position in shares of Matthews International by 21.6% during the second quarter. Ironwood Investment Counsel LLC now owns 7,748 shares of the company’s stock worth $455,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Matthews International by 16.7% during the second quarter. Aperio Group LLC now owns 7,202 shares of the company’s stock worth $423,000 after purchasing an additional 1,032 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.
Matthews International Company Profile
Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging manufacturers; and creative digital graphics services, as well as designs, engineers, manufactures, and executes merchandising and display systems.
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