Matthews International Corp. CFO Sells $2,028,459 in Stock (MATW)
Matthews International Corp. (NASDAQ:MATW) CFO Steven F. Nicola sold 46,333 shares of Matthews International Corp. stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $43.78, for a total value of $2,028,458.74. Following the completion of the sale, the chief financial officer now directly owns 126,030 shares of the company’s stock, valued at approximately $5,517,593. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Matthews International Corp. (NASDAQ:MATW) traded down 0.69% during mid-day trading on Friday, hitting $43.19. 96,941 shares of the company’s stock traded hands. Matthews International Corp. has a 1-year low of $36.27 and a 1-year high of $44.42. The stock has a 50-day moving average of $42.00 and a 200-day moving average of $41.31. The company has a market cap of $1.181 billion and a price-to-earnings ratio of 22.83.
Matthews International Corp. (NASDAQ:MATW) last released its earnings data on Thursday, July 17th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.05. The company had revenue of $279.98 million for the quarter, compared to the consensus estimate of $260.63 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Matthews International Corp. will post $2.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 12th. Investors of record on Monday, July 28th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, July 24th.
Matthews International Corporation (NASDAQ:MATW) is a designer, manufacturer and marketer of memorialization products and brand solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.