Matthews International Corp. (MATW) Releases FY14 Earnings Guidance
Matthews International Corp. (NASDAQ:MATW) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.62-2.70 for the period, compared to the Thomson Reuters consensus estimate of $2.64, Stock Ratings Network.com reports.
Shares of Matthews International Corp. (NASDAQ:MATW) traded up 0.23% on Thursday, hitting $44.17. 123,858 shares of the company’s stock traded hands. Matthews International Corp. has a 1-year low of $31.72 and a 1-year high of $44.00. The stock has a 50-day moving average of $41.85 and a 200-day moving average of $39.97. The company has a market cap of $1.205 billion and a P/E ratio of 22.26.
Matthews International Corp. (NASDAQ:MATW) last released its earnings data on Wednesday, January 22nd. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.01. The company had revenue of $229.90 million for the quarter, compared to the consensus estimate of $233.90 million. During the same quarter last year, the company posted $0.42 earnings per share. Matthews International Corp.’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Matthews International Corp. will post $2.68 EPS 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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