Matthews International Corp (NASDAQ:MATW) – Stock analysts at B. Riley increased their Q4 2018 earnings estimates for Matthews International in a research note issued on Monday. B. Riley analyst L. Burke now forecasts that the company will earn $1.26 per share for the quarter, up from their previous estimate of $1.21. B. Riley currently has a “Buy” rating and a $92.00 price target on the stock. B. Riley also issued estimates for Matthews International’s FY2019 earnings at $4.18 EPS.
Matthews International (NASDAQ:MATW) last posted its earnings results on Thursday, January 25th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $369.50 million during the quarter, compared to analysts’ expectations of $355.84 million. Matthews International had a net margin of 6.46% and a return on equity of 15.09%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share.
Matthews International (NASDAQ MATW) traded up $0.20 during mid-day trading on Tuesday, hitting $53.75. 198,800 shares of the stock were exchanged, compared to its average volume of 192,202. The company has a market capitalization of $1,729.21, a PE ratio of 17.51 and a beta of 1.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.10 and a quick ratio of 1.48. Matthews International has a 52-week low of $50.10 and a 52-week high of $72.60.
A number of hedge funds and other institutional investors have recently modified their holdings of MATW. BlackRock Inc. raised its holdings in Matthews International by 7.8% in the 4th quarter. BlackRock Inc. now owns 4,166,858 shares of the company’s stock valued at $220,010,000 after buying an additional 302,721 shares during the last quarter. Channing Capital Management LLC raised its holdings in Matthews International by 12.7% in the 3rd quarter. Channing Capital Management LLC now owns 885,504 shares of the company’s stock valued at $55,123,000 after buying an additional 99,837 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Matthews International in the 4th quarter valued at approximately $5,219,000. FMR LLC raised its holdings in Matthews International by 14.3% in the 2nd quarter. FMR LLC now owns 764,748 shares of the company’s stock valued at $46,841,000 after buying an additional 95,500 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Matthews International by 224.2% in the 4th quarter. Arizona State Retirement System now owns 54,033 shares of the company’s stock valued at $2,853,000 after buying an additional 37,366 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.
In other Matthews International news, VP Robert M. Marsh acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was acquired at an average price of $55.50 per share, for a total transaction of $166,500.00. Following the acquisition, the vice president now directly owns 16,207 shares in the company, valued at $899,488.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tunon Alvaro Garcia acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of $52.00 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. 3.80% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 19th. Stockholders of record on Monday, February 5th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.41%. Matthews International’s dividend payout ratio (DPR) is currently 24.76%.
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Matthews International Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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