Multi-Color Hits New 1-Year High Following Strong Earnings (LABL)
Multi-Color (NASDAQ:LABL) shares reached a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement, AnalystRatingsNetwork.com reports. The stock traded as high as $42.83 and last traded at $42.82, with a volume of 100,422 shares trading hands. The stock had previously closed at $40.35.
The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.18. The company had revenue of $203.10 million for the quarter, compared to the consensus estimate of $198.10 million.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, August 13th.
The stock’s 50-day moving average is $39.92 and its 200-day moving average is $36.06. The company has a market cap of $704.5 million and a P/E ratio of 23.74.
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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