Equities research analysts expect Multi-Color Corporation (NASDAQ:LABL) to post $246.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Multi-Color Corporation’s earnings, with estimates ranging from $246.00 million to $246.10 million. Multi-Color Corporation posted sales of $232.14 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Multi-Color Corporation will report full-year sales of $246.05 million for the current financial year. For the next financial year, analysts forecast that the firm will post sales of $1.72 billion per share. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Multi-Color Corporation.

Multi-Color Corporation (NASDAQ:LABL) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.86 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 return on equity of 15.85% and a net margin of 6.38%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share.

LABL has been the topic of several research reports. Zacks Investment Research lowered Multi-Color Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Robert W. Baird reissued a “hold” rating on shares of Multi-Color Corporation in a research note on Friday, September 1st. BMO Capital Markets reissued a “hold” rating and set a $88.00 target price on shares of Multi-Color Corporation in a research note on Monday, September 25th. Finally, KeyCorp reissued a “sell” rating and set a $67.00 target price on shares of Multi-Color Corporation in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Multi-Color Corporation currently has a consensus rating of “Hold” and an average target price of $84.00.

Shares of Multi-Color Corporation (LABL) traded up 2.07% during trading on Tuesday, hitting $83.75. The stock had a trading volume of 19,906 shares. Multi-Color Corporation has a 12 month low of $63.05 and a 12 month high of $88.25. The company’s 50 day moving average price is $82.10 and its 200 day moving average price is $80.12. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 24.14 and a beta of 0.80.

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In other news, insider Nigel A. Vinecombe sold 10,301 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $82.06, for a total value of $845,300.06. Following the transaction, the insider now owns 54,309 shares in the company, valued at approximately $4,456,596.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nigel A. Vinecombe sold 14,699 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $82.09, for a total value of $1,206,640.91. Following the completion of the transaction, the insider now owns 54,309 shares in the company, valued at approximately $4,458,225.81. The disclosure for this sale can be found here. Insiders sold a total of 63,846 shares of company stock worth $5,194,386 in the last ninety days. 19.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Multi-Color Corporation by 125,662.5% in the 1st quarter. BlackRock Inc. now owns 1,607,245 shares of the business services provider’s stock valued at $114,113,000 after acquiring an additional 1,605,967 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Multi-Color Corporation by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 715,059 shares of the business services provider’s stock valued at $58,348,000 after acquiring an additional 25,470 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Multi-Color Corporation by 1.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 707,450 shares of the business services provider’s stock valued at $57,728,000 after acquiring an additional 12,825 shares during the last quarter. State Street Corp increased its holdings in shares of Multi-Color Corporation by 4.0% in the 2nd quarter. State Street Corp now owns 327,791 shares of the business services provider’s stock valued at $26,748,000 after acquiring an additional 12,528 shares during the last quarter. Finally, Tributary Capital Management LLC increased its holdings in shares of Multi-Color Corporation by 12.0% in the 2nd quarter. Tributary Capital Management LLC now owns 264,577 shares of the business services provider’s stock valued at $21,589,000 after acquiring an additional 28,449 shares during the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.

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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Earnings History and Estimates for Multi-Color Corporation (NASDAQ:LABL)

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