Multi-Color Corp. Declares Quarterly Dividend of $0.05 (LABL)
Multi-Color Corp. (NASDAQ:LABL) declared a quarterly dividend on Wednesday, February 5th, AR Network reports. Stockholders of record on Monday, February 17th will be given a dividend of 0.05 per share on Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, February 12th.
A number of research firms have recently commented on LABL. Analysts at Robert W. Baird cut their price target on shares of Multi-Color Corp. from $42.00 to $40.00 in a research note to investors on Wednesday. On a related note, analysts at BMO Capital Markets cut their price target on shares of Multi-Color Corp. from $42.00 to $40.00 in a research note to investors on Wednesday. Finally, analysts at BMO Capital Markets raised their price target on shares of Multi-Color Corp. from $40.00 to $42.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock.
Multi-Color Corp. (NASDAQ:LABL) traded down 3.69% on Wednesday, hitting $31.86. The stock had a trading volume of 139,273 shares. Multi-Color Corp. has a 1-year low of $23.12 and a 1-year high of $39.46. The stock has a 50-day moving average of $36.44 and a 200-day moving average of $34.86. The company has a market cap of $522.4 million and a price-to-earnings ratio of 17.41.
Multi-Color Corp. (NASDAQ:LABL) last released its earnings data on Tuesday, February 4th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.19. The company had revenue of $169.40 million for the quarter, compared to the consensus estimate of $169.23 million. Analysts expect that Multi-Color Corp. will post $2.23 EPS for the current fiscal year.
Multi-Color Corporation (NASDAQ:LABL) 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.
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