Matthews International Corp. Upgraded to Hold by Thomson Reuters/Verus (MATW)
Matthews International Corp. (NASDAQ:MATW) was upgraded by research analysts at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a report released on Monday, American Banking and Market News reports.
Shares of Matthews International Corp. (NASDAQ:MATW) traded up 1.08% on Monday, hitting $39.8356. 8,316 shares of the company’s stock traded hands. Matthews International Corp. has a 52-week low of $27.42 and a 52-week high of $40.50. The stock’s 50-day moving average is $37.89 and its 200-day moving average is $37.68. The company has a market cap of $1.093 billion and a price-to-earnings ratio of 20.42.
Matthews International Corp. (NASDAQ:MATW) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.02. The company had revenue of $250.70 million for the quarter, compared to the consensus estimate of $253.67 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Matthews International Corp. will post $2.48 earnings per share for the current fiscal year.
Matthews International Corporation (NASDAQ:MATW) is a designer, manufacturer and marketer of memorialization products and brand solutions.
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