Multi-Color Corporation (LABL) Set to Announce Quarterly Earnings on Tuesday
Multi-Color Corporation (NASDAQ:LABL) will be announcing its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $1.11 per share for the quarter.
Multi-Color Corporation (NASDAQ:LABL) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.06. The firm had revenue of $242.40 million for the quarter, compared to the consensus estimate of $242.47 million. Multi-Color Corporation had a return on equity of 15.85% and a net margin of 6.38%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. On average, analysts expect Multi-Color Corporation to post $3.91 EPS for the current fiscal year and $4.25 EPS for the next fiscal year.
Multi-Color Corporation (NASDAQ:LABL) opened at 80.75 on Tuesday. The stock’s 50 day moving average price is $82.33 and its 200 day moving average price is $80.54. Multi-Color Corporation has a 52-week low of $63.05 and a 52-week high of $88.25. The company has a market cap of $1.38 billion, a P/E ratio of 23.27 and a beta of 0.80.
In other Multi-Color Corporation news, Chairman Nigel A. Vinecombe sold 10,765 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $82.08, for a total transaction of $883,591.20. Following the completion of the sale, the chairman now owns 54,309 shares of the company’s stock, valued at $4,457,682.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $80.23, for a total value of $2,005,750.00. Following the sale, the insider now directly owns 54,309 shares of the company’s stock, valued at approximately $4,357,211.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,846 shares of company stock valued at $5,194,386. 19.40% of the stock is owned by insiders.
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LABL has been the subject of several recent research reports. Zacks Investment Research raised Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Monday, September 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $88.00 price target on shares of Multi-Color Corporation in a report on Monday, September 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $85.00 price target on shares of Multi-Color Corporation in a report on Thursday, October 12th. Finally, KeyCorp reaffirmed a “sell” rating and issued a $67.00 price target on shares of Multi-Color Corporation in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $84.00.
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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