Brokerages expect that Multi-Color Co. (NASDAQ:LABL) will announce earnings of $0.72 per share for the current quarter, Zacks reports. Two analysts have made estimates for Multi-Color’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.75. Multi-Color posted earnings of $0.70 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Multi-Color will report full-year earnings of $3.83 per share for the current fiscal year, with EPS estimates ranging from $3.80 to $3.86. For the next fiscal year, analysts forecast that the business will report earnings of $4.48 per share, with EPS estimates ranging from $4.25 to $4.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Multi-Color.

Multi-Color (NASDAQ:LABL) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.05). Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The company had revenue of $256.03 million for the quarter, compared to analyst estimates of $246.61 million. During the same quarter in the previous year, the business posted $0.99 earnings per share. Multi-Color’s revenue was up 10.3% on a year-over-year basis.

A number of equities research analysts have recently issued reports on LABL shares. Zacks Investment Research upgraded shares of Multi-Color from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reiterated a “hold” rating and set a $88.00 price target on shares of Multi-Color in a research report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and set a $85.00 price target on shares of Multi-Color in a research report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.75.

Multi-Color (NASDAQ:LABL) traded down $0.15 during mid-day trading on Wednesday, hitting $74.70. 39,500 shares of the stock were exchanged, compared to its average volume of 61,100. Multi-Color has a 52 week low of $63.05 and a 52 week high of $88.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96. The firm has a market cap of $1,529.98, a P/E ratio of 22.04 and a beta of 0.73.

In related news, Director Robert R. Buck sold 9,530 shares of Multi-Color stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total transaction of $686,731.80. Following the completion of the transaction, the director now directly owns 17,441 shares in the company, valued at approximately $1,256,798.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Julian Henry acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $71.03 per share, with a total value of $71,030.00. The disclosure for this purchase can be found here. Insiders own 19.40% of the company’s stock.

Several institutional investors have recently modified their holdings of LABL. TIAA CREF Investment Management LLC grew its stake in Multi-Color by 2.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,387 shares of the business services provider’s stock worth $2,969,000 after acquiring an additional 1,040 shares during the period. Prudential Financial Inc. grew its stake in Multi-Color by 22.3% in the 3rd quarter. Prudential Financial Inc. now owns 27,703 shares of the business services provider’s stock worth $2,270,000 after acquiring an additional 5,050 shares during the period. Parametric Portfolio Associates LLC grew its stake in Multi-Color by 45.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 31,099 shares of the business services provider’s stock worth $2,538,000 after acquiring an additional 9,714 shares during the period. Pictet Asset Management Ltd. grew its stake in Multi-Color by 48.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock worth $13,944,000 after acquiring an additional 55,428 shares during the period. Finally, Swiss National Bank grew its stake in Multi-Color by 8.1% in the 2nd quarter. Swiss National Bank now owns 24,000 shares of the business services provider’s stock worth $1,958,000 after acquiring an additional 1,800 shares during the period. Hedge funds and other institutional investors own 63.50% of the company’s stock.

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About Multi-Color

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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