Brokerages expect Multi-Color Co. (NASDAQ:LABL) to announce earnings of $0.72 per share for the current quarter, according to Zacks. Two analysts have provided 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 reported earnings of $0.70 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Multi-Color will report full year earnings of $3.84 per share for the current year, with EPS estimates ranging from $3.83 to $3.86. For the next fiscal year, analysts expect that the firm will post earnings of $4.48 per share, with EPS estimates ranging from $4.25 to $4.70. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Multi-Color.

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

A number of brokerages recently weighed in on LABL. Zacks Investment Research upgraded shares of Multi-Color from a “hold” rating to a “strong-buy” rating and set a $96.00 target price for the company in a report on Wednesday, October 11th. Robert W. Baird restated a “hold” rating and set a $80.00 target price on shares of Multi-Color in a report on Friday, November 10th. BMO Capital Markets restated a “hold” rating and set a $88.00 target price on shares of Multi-Color in a report on Wednesday, October 25th. BidaskClub cut shares of Multi-Color from a “sell” rating to a “strong sell” rating in a report on Friday, December 15th. Finally, Hilliard Lyons upgraded shares of Multi-Color from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $81.25.

Multi-Color (NASDAQ LABL) traded up $2.40 during trading on Friday, hitting $84.05. 887,633 shares of the stock traded hands, compared to its average volume of 54,199. The company has a quick ratio of 1.48, a current ratio of 1.96 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1,668.97, a PE ratio of 24.79 and a beta of 0.73. Multi-Color has a twelve month low of $63.05 and a twelve month high of $89.70.

In related news, Director Robert R. Buck sold 9,530 shares of the company’s stock in a transaction that occurred on 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 owns 17,441 shares in the company, valued at approximately $1,256,798.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Julian Henry purchased 1,000 shares of Multi-Color stock in a transaction that occurred on Monday, November 13th. The stock was purchased 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. Company insiders own 19.40% of the company’s stock.

Several large investors have recently modified their holdings of LABL. Pictet Asset Management Ltd. lifted its position in shares of 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 valued at $13,944,000 after acquiring an additional 55,428 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Multi-Color 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 in the last quarter. Stifel Financial Corp lifted its position in shares of Multi-Color by 15.6% in the 2nd quarter. Stifel Financial Corp now owns 145,693 shares of the business services provider’s stock valued at $11,915,000 after acquiring an additional 19,686 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Multi-Color by 113.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,875 shares of the business services provider’s stock valued at $2,447,000 after acquiring an additional 15,903 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Multi-Color by 144.1% in the 3rd quarter. First Trust Advisors LP now owns 25,604 shares of the business services provider’s stock valued at $2,098,000 after acquiring an additional 15,116 shares in the last quarter. Institutional investors and hedge funds own 63.50% of the company’s stock.

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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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