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%.
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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.
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