Matthews International Corp. VP Unloads $272,438 in Stock (MATW)
Matthews International Corp. (NASDAQ:MATW) VP David F. Beck unloaded 5,920 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $46.02, for a total value of $272,438.40. Following the transaction, the vice president now directly owns 26,761 shares in the company, valued at approximately $1,231,541. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Matthews International Corp. (NASDAQ:MATW) traded down 0.07% during mid-day trading on Tuesday, hitting $46.12. 64,997 shares of the company’s stock traded hands. Matthews International Corp. has a 52 week low of $36.27 and a 52 week high of $46.92. The stock has a 50-day moving average of $44.24 and a 200-day moving average of $41.76. The company has a market cap of $1.514 billion and a price-to-earnings ratio of 24.04.
Matthews International Corp. (NASDAQ:MATW) last posted its quarterly earnings results 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.
Matthews International Corporation (NASDAQ:MATW) is a designer, manufacturer and marketer of memorialization products and brand solutions.
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