Multi-Color (LABL) Releases Quarterly Earnings, Beats Expectations By $0.18 EPS
Multi-Color (NASDAQ:LABL) announced its earnings results on Monday. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.18, Analyst Ratings Network reports. The company had revenue of $203.10 million for the quarter, compared to the consensus estimate of $198.10 million.
Multi-Color (NASDAQ:LABL) traded up 3.69% during mid-day trading on Monday, hitting $41.84. The stock had a trading volume of 34,308 shares. Multi-Color has a 52 week low of $30.75 and a 52 week high of $41.97. 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 $687.4 million and a price-to-earnings ratio of 23.74.
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 is Wednesday, August 13th.
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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