Shares of Matthews International Corporation (NASDAQ:MATW) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $92.00 for the company, according to Zacks. Zacks has also given Matthews International Corporation an industry rank of 193 out of 265 based on the ratings given to related companies.

A number of analysts have recently weighed in on MATW shares. Macquarie upgraded shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Wednesday, July 5th. BidaskClub cut shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, FBR & Co reiterated an “outperform” rating on shares of Matthews International Corporation in a research note on Tuesday, July 11th.

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Matthews International Corporation (MATW) traded up 1.07% during midday trading on Friday, reaching $65.85. 47,871 shares of the company traded hands. Matthews International Corporation has a 12 month low of $56.72 and a 12 month high of $77.85. The firm has a 50 day moving average of $64.21 and a 200-day moving average of $66.30. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 27.75 and a beta of 1.11.

Matthews International Corporation (NASDAQ:MATW) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. Matthews International Corporation had a net margin of 5.17% and a return on equity of 16.23%. The business had revenue of $389.63 million during the quarter, compared to analysts’ expectations of $392.03 million. During the same period in the previous year, the company earned $0.97 earnings per share. Matthews International Corporation’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that Matthews International Corporation will post $3.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a dividend of $0.17 per share. This is a boost from Matthews International Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, July 27th. Matthews International Corporation’s dividend payout ratio is presently 28.45%.

Institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its position in Matthews International Corporation by 0.7% in the second quarter. Texas Permanent School Fund now owns 23,509 shares of the company’s stock valued at $1,440,000 after buying an additional 158 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Matthews International Corporation by 3.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock valued at $466,000 after buying an additional 270 shares during the last quarter. Sei Investments Co. boosted its position in Matthews International Corporation by 5.3% in the second quarter. Sei Investments Co. now owns 20,374 shares of the company’s stock valued at $1,248,000 after buying an additional 1,020 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Matthews International Corporation by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 46,596 shares of the company’s stock valued at $2,851,000 after buying an additional 1,520 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Matthews International Corporation by 29.1% in the second quarter. Janney Montgomery Scott LLC now owns 15,682 shares of the company’s stock valued at $961,000 after buying an additional 3,537 shares during the last quarter. Hedge funds and other institutional investors own 79.28% of the company’s stock.

Matthews International Corporation Company Profile

Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).

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