Zacks: Analysts Anticipate Multi-Color Corporation (LABL) to Post $0.80 EPS
Equities research analysts forecast that Multi-Color Corporation (NASDAQ:LABL) will announce $0.80 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Multi-Color Corporation’s earnings. Multi-Color Corporation reported earnings of $0.95 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.8%. The company is expected to report its next earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Multi-Color Corporation will report full-year earnings of $3.90 per share for the current year, with EPS estimates ranging from $3.85 to $4.01. For the next year, analysts anticipate that the firm will report earnings of $4.20 per share, with EPS estimates ranging from $4.00 to $4.40. Zacks’ EPS averages are an average based on a survey of analysts that follow Multi-Color Corporation.
Multi-Color Corporation (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $242.40 million for the quarter, compared to analyst estimates of $242.47 million. Multi-Color Corporation had a net margin of 6.61% and a return on equity of 16.99%. Multi-Color Corporation’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS.
LABL has been the topic of several research analyst reports. Zacks Investment Research raised Multi-Color Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub lowered Multi-Color Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.60.
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In related news, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $86.39, for a total transaction of $2,159,750.00. Following the sale, the insider now directly owns 14,309 shares in the company, valued at approximately $1,236,154.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sharon E. Birkett sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $86.20, for a total value of $431,000.00. Following the sale, the chief financial officer now owns 6,342 shares in the company, valued at $546,680.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,700 shares of company stock worth $3,330,772. Company insiders own 19.40% of the company’s stock.
Several large investors have recently made changes to their positions in LABL. Aberdeen Asset Management PLC UK increased its stake in shares of Multi-Color Corporation by 11.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 781,972 shares of the business services provider’s stock valued at $55,520,000 after buying an additional 79,974 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Multi-Color Corporation by 5.8% in the first quarter. Thrivent Financial For Lutherans now owns 7,450 shares of the business services provider’s stock valued at $529,000 after buying an additional 410 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Multi-Color Corporation by 100.6% in the first quarter. Victory Capital Management Inc. now owns 2,293 shares of the business services provider’s stock valued at $163,000 after buying an additional 1,150 shares during the last quarter. Fenimore Asset Management Inc. increased its stake in shares of Multi-Color Corporation by 3.1% in the second quarter. Fenimore Asset Management Inc. now owns 107,189 shares of the business services provider’s stock valued at $8,747,000 after buying an additional 3,205 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Multi-Color Corporation by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 2,466 shares of the business services provider’s stock valued at $175,000 after buying an additional 236 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.
Shares of Multi-Color Corporation (NASDAQ LABL) traded up 0.13% during mid-day trading on Tuesday, reaching $79.60. 70,209 shares of the company traded hands. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 22.23 and a beta of 0.83. Multi-Color Corporation has a 52-week low of $63.05 and a 52-week high of $88.25. The company’s 50 day moving average is $81.43 and its 200 day moving average is $77.22.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, August 11th. Multi-Color Corporation’s dividend payout ratio is currently 5.59%.
About Multi-Color Corporation
Multi-Color Corporation (Multi-Color) 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. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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