Wall Street brokerages expect that Multi-Color Co. (NASDAQ:LABL) will post sales of $343.65 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Multi-Color’s earnings, with the highest sales estimate coming in at $345.00 million and the lowest estimate coming in at $342.30 million. Multi-Color reported sales of $210.66 million during the same quarter last year, which indicates a positive year over year growth rate of 63.1%. The business is expected to issue its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Multi-Color will report full year sales of $343.65 million for the current year. For the next fiscal year, analysts anticipate that the business will report sales of $1.71 billion per share, with estimates ranging from $1.70 billion to $1.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Multi-Color.

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

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Multi-Color from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reissued a “hold” rating and issued a $88.00 price objective on shares of Multi-Color in a research report on Monday, September 25th. BidaskClub lowered Multi-Color from a “sell” rating to a “strong sell” rating in a research report on Friday, December 15th. Finally, Robert W. Baird reissued a “hold” rating and issued a $85.00 price objective on shares of Multi-Color in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $82.75.

Multi-Color (LABL) traded up $0.05 during mid-day trading on Friday, hitting $74.10. The stock had a trading volume of 37,800 shares, compared to its average volume of 43,000. Multi-Color has a 1 year low of $63.05 and a 1 year 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 company has a market cap of $1,513.63, a price-to-earnings ratio of 21.86 and a beta of 0.73.

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

A number of institutional investors have recently modified their holdings of LABL. Schwab Charles Investment Management Inc. increased its position in Multi-Color by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,364 shares of the business services provider’s stock valued at $4,763,000 after buying an additional 2,932 shares in the last quarter. Rhumbline Advisers increased its holdings in Multi-Color by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 25,798 shares of the business services provider’s stock worth $2,105,000 after purchasing an additional 217 shares in the last quarter. Legal & General Group Plc increased its holdings in Multi-Color by 9.6% during the 2nd quarter. Legal & General Group Plc now owns 24,176 shares of the business services provider’s stock worth $1,974,000 after purchasing an additional 2,113 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Multi-Color by 59.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,931 shares of the business services provider’s stock worth $321,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Multi-Color by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,697 shares of the business services provider’s stock worth $220,000 after purchasing an additional 404 shares in the last quarter. 63.50% of the stock is owned by institutional investors and hedge funds.

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Multi-Color Company Profile

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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