Brokerages Anticipate Multi-Color Co. (LABL) Will Announce Quarterly Sales of $343.65 Million

Wall Street analysts forecast that Multi-Color Co. (NASDAQ:LABL) will report $343.65 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made 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 posted sales of $210.66 million during the same quarter last year, which would indicate a positive year over year growth rate of 63.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 14th.

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

Multi-Color (NASDAQ:LABL) last issued its earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (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 firm had revenue of $256.03 million during the quarter, compared to the consensus estimate of $246.61 million. During the same period last year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year.

Several brokerages have weighed in on LABL. Robert W. Baird reissued a “hold” rating and set a $80.00 price objective on shares of Multi-Color in a research note on Friday, November 10th. BidaskClub raised Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Zacks Investment Research cut Multi-Color from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, BMO Capital Markets reissued a “hold” rating and set a $88.00 price objective on shares of Multi-Color in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $81.25.

In other Multi-Color news, Director Robert R. Buck sold 9,530 shares of the business’s 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 owns 17,441 shares in the company, valued at $1,256,798.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Julian Henry bought 1,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were acquired 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 large investors have recently made changes to their positions in LABL. Schwab Charles Investment Management Inc. boosted its position in shares of Multi-Color by 5.3% during the second 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 during the period. Legal & General Group Plc boosted its position in shares of Multi-Color by 9.6% during the second quarter. Legal & General Group Plc now owns 24,176 shares of the business services provider’s stock valued at $1,974,000 after buying an additional 2,113 shares during the period. Swiss National Bank boosted its position in shares of Multi-Color by 8.1% during the second quarter. Swiss National Bank now owns 24,000 shares of the business services provider’s stock valued at $1,958,000 after buying an additional 1,800 shares during the period. Alliancebernstein L.P. boosted its position in shares of Multi-Color by 8.7% during the second quarter. Alliancebernstein L.P. now owns 19,928 shares of the business services provider’s stock valued at $1,626,000 after buying an additional 1,600 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Multi-Color by 5.4% during the second quarter. Teachers Advisors LLC now owns 24,774 shares of the business services provider’s stock valued at $2,022,000 after buying an additional 1,265 shares during the period. Institutional investors and hedge funds own 63.47% of the company’s stock.

Shares of Multi-Color (NASDAQ LABL) opened at $84.05 on Monday. Multi-Color has a twelve month low of $63.05 and a twelve month high of $89.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48. The stock has a market capitalization of $1,720.00, a PE ratio of 24.72 and a beta of 0.73.

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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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