Brokerages expect Multi-Color Co. (NASDAQ:LABL) to report sales of $423.65 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Multi-Color’s earnings, with estimates ranging from $413.00 million to $434.30 million. Multi-Color posted sales of $244.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 73.6%. The business is expected to issue its next earnings results on Tuesday, May 29th.
According to Zacks, analysts expect that Multi-Color will report full year sales of $423.65 million for the current year, with estimates ranging from $1.26 billion to $1.28 billion. For the next financial year, analysts expect that the company will post sales of $1.74 billion per share, with estimates ranging from $1.70 billion to $1.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Multi-Color.
Multi-Color (NASDAQ:LABL) last released its earnings results on Tuesday, February 6th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Multi-Color had a net margin of 6.08% and a return on equity of 13.02%. The company had revenue of $352.70 million during the quarter, compared to analysts’ expectations of $346.37 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Multi-Color’s revenue for the quarter was up 67.4% compared to the same quarter last year.
In other Multi-Color news, COO Oliver Apel acquired 1,100 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $66.68 per share, for a total transaction of $73,348.00. Following the completion of the purchase, the chief operating officer now directly owns 1,100 shares in the company, valued at $73,348. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ari J. Benacerraf acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $65.20 per share, with a total value of $260,800.00. The disclosure for this purchase can be found here. 19.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LABL. First Trust Advisors LP grew its stake in Multi-Color by 144.1% during the third quarter. First Trust Advisors LP now owns 25,604 shares of the business services provider’s stock worth $2,098,000 after buying an additional 15,116 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Multi-Color during the third quarter worth $233,000. Prudential Financial Inc. lifted its position in shares of Multi-Color by 22.3% during the third quarter. Prudential Financial Inc. now owns 27,703 shares of the business services provider’s stock worth $2,270,000 after purchasing an additional 5,050 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Multi-Color by 3.1% during the third quarter. Principal Financial Group Inc. now owns 106,866 shares of the business services provider’s stock worth $8,757,000 after purchasing an additional 3,230 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Multi-Color by 76.7% during the third quarter. BNP Paribas Arbitrage SA now owns 6,947 shares of the business services provider’s stock worth $569,000 after purchasing an additional 3,016 shares in the last quarter. Institutional investors own 65.84% of the company’s stock.
Shares of Multi-Color (LABL) opened at $69.80 on Wednesday. Multi-Color has a twelve month low of $61.90 and a twelve month high of $89.70. The stock has a market cap of $1,408.51, a P/E ratio of 19.09 and a beta of 0.93. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.94 and a quick ratio of 1.41.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.20 annualized dividend and a yield of 0.29%. Multi-Color’s dividend payout ratio is currently 5.35%.
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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