Press coverage about Matthews International Corporation (NASDAQ:MATW) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Matthews International Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.3512292662026 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Matthews International Corp. breached its 50 day moving average in a Bearish Manner : MATW-US : August 11, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Matthews International Corp. (finance.yahoo.com)
- Reviewing Matthews International Corporation (NASDAQ:MATW) and Unilever NV (UN) (americanbankingnews.com)
- Zacks: Matthews International Corporation (NASDAQ:MATW) Receives Average Rating of “Strong Buy” from Brokerages (americanbankingnews.com)
MATW has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Macquarie upgraded shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Wednesday, July 5th. Finally, FBR & Co reiterated an “outperform” rating on shares of Matthews International Corporation in a report on Tuesday, July 11th.
Shares of Matthews International Corporation (NASDAQ MATW) traded down 0.94% during trading on Friday, reaching $63.05. 103,132 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.03 billion, a P/E ratio of 26.57 and a beta of 1.11. Matthews International Corporation has a 52-week low of $56.72 and a 52-week high of $77.85. The company has a 50 day moving average of $64.23 and a 200 day moving average of $65.94.
Matthews International Corporation (NASDAQ:MATW) last posted its earnings results on Thursday, July 27th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. Matthews International Corporation had a net margin of 5.17% and a return on equity of 16.23%. The business had revenue of $389.63 million for the quarter, compared to analyst estimates of $392.03 million. During the same period last year, the business posted $0.97 EPS. Matthews International Corporation’s revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Matthews International Corporation will post $3.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be issued a $0.17 dividend. The ex-dividend date is Thursday, July 27th. This is an increase from Matthews International Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. Matthews International Corporation’s dividend payout ratio is 28.45%.
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About Matthews International Corporation
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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