Multi-Color (LABL) Announces Quarterly Earnings, Beats Estimates By $0.10 EPS
Multi-Color (NASDAQ:LABL) released its earnings data on Friday. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.10, Stock Ratings Network.com reports. The company had revenue of $193.50 million for the quarter, compared to the consensus estimate of $187.53 million.
On a related note, analysts at Zacks upgraded shares of Multi-Color from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $36.50 price target on the stock.
Multi-Color (NASDAQ:LABL) opened at 35.16 on Friday. Multi-Color has a 1-year low of $28.52 and a 1-year high of $39.46. The stock has a 50-day moving average of $34.55 and a 200-day moving average of $35.2. The company has a market cap of $576.6 million and a P/E ratio of 16.79.
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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