Multi-Color (LABL) Updates FY 2019 Earnings Guidance

Multi-Color (NASDAQ:LABL) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $3.50-3.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.25.

A number of equities research analysts have recently commented on LABL shares. BidaskClub upgraded shares of Multi-Color from a hold rating to a buy rating in a report on Thursday. KeyCorp reiterated a sell rating on shares of Multi-Color in a research note on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Multi-Color from a sell rating to a hold rating in a research report on Wednesday, January 9th. Robert W. Baird raised shares of Multi-Color from a neutral rating to an outperform rating in a report on Monday, January 7th. Finally, BMO Capital Markets cut their price target on shares of Multi-Color to $53.00 and set a market perform rating for the company in a report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Multi-Color currently has an average rating of Hold and an average price target of $65.75.

Shares of NASDAQ:LABL traded up $0.48 during trading on Monday, hitting $50.94. 235,700 shares of the company were exchanged, compared to its average volume of 194,921. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.55 and a beta of 1.29. Multi-Color has a fifty-two week low of $29.95 and a fifty-two week high of $71.94. The company has a quick ratio of 1.42, a current ratio of 1.84 and a debt-to-equity ratio of 2.11.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. Multi-Color’s payout ratio is 5.32%.

COPYRIGHT VIOLATION NOTICE: “Multi-Color (LABL) Updates FY 2019 Earnings Guidance” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2019/02/11/multi-color-labl-updates-fy-2019-earnings-guidance.html.

Multi-Color Company Profile

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

Read More: Book Value Per Share in Stock Trading

Receive News & Ratings for Multi-Color Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Color and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply