Matthews International Co. Forecasted to Earn FY2025 Earnings of $2.95 Per Share (NASDAQ:MATW)

Matthews International Co. (NASDAQ:MATW) – Stock analysts at B. Riley lifted their FY2025 earnings per share estimates for Matthews International in a research report issued on Monday, May 6th. B. Riley analyst L. Burke now anticipates that the company will post earnings per share of $2.95 for the year, up from their previous estimate of $2.78. B. Riley has a “Buy” rating and a $59.00 price target on the stock. The consensus estimate for Matthews International’s current full-year earnings is $2.60 per share.

Separately, StockNews.com downgraded shares of Matthews International from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Matthews International Stock Down 0.1 %

Shares of NASDAQ MATW opened at $28.69 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.82 and a quick ratio of 1.12. The company has a market cap of $880.27 million, a P/E ratio of 27.07 and a beta of 1.14. Matthews International has a 1 year low of $25.42 and a 1 year high of $48.86. The firm has a 50-day simple moving average of $28.32 and a two-hundred day simple moving average of $32.09.

Hedge Funds Weigh In On Matthews International

Several institutional investors have recently bought and sold shares of MATW. Norges Bank purchased a new position in Matthews International in the fourth quarter worth $7,200,000. Allspring Global Investments Holdings LLC grew its holdings in Matthews International by 53.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 470,016 shares of the company’s stock worth $17,226,000 after purchasing an additional 163,984 shares during the last quarter. Campbell Capital Management Inc. purchased a new position in Matthews International in the fourth quarter worth $4,236,000. Jupiter Asset Management Ltd. purchased a new position in Matthews International in the third quarter worth $3,882,000. Finally, Great Lakes Advisors LLC purchased a new position in Matthews International in the third quarter worth $2,530,000. 83.08% of the stock is owned by hedge funds and other institutional investors.

Matthews International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, May 3rd. Matthews International’s dividend payout ratio is presently 90.57%.

Matthews International Company Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.