Shares of Matthews International Corporation (NASDAQ:MATW) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus target price of $92.00 for the company, according to Zacks. Zacks has also given Matthews International Corporation an industry rank of 71 out of 265 based on the ratings given to related companies.
MATW has been the topic of a number of recent research reports. Zacks Investment Research raised Matthews International Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub downgraded Matthews International Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Matthews International Corporation by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,105,791 shares of the company’s stock valued at $190,229,000 after acquiring an additional 24,754 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Matthews International Corporation by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,263,962 shares of the company’s stock valued at $78,682,000 after acquiring an additional 6,103 shares during the last quarter. Clarkston Capital Partners LLC raised its holdings in Matthews International Corporation by 3.3% in the 3rd quarter. Clarkston Capital Partners LLC now owns 1,112,884 shares of the company’s stock valued at $69,277,000 after acquiring an additional 35,723 shares during the last quarter. Channing Capital Management LLC raised its holdings in Matthews International Corporation by 12.7% in the 3rd quarter. Channing Capital Management LLC now owns 885,504 shares of the company’s stock valued at $55,123,000 after acquiring an additional 99,837 shares during the last quarter. Finally, State Street Corp raised its holdings in Matthews International Corporation by 4.3% in the 2nd quarter. State Street Corp now owns 785,834 shares of the company’s stock valued at $48,137,000 after acquiring an additional 32,125 shares during the last quarter. Institutional investors own 77.96% of the company’s stock.
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Matthews International Corporation (NASDAQ:MATW) traded down $3.40 during mid-day trading on Friday, reaching $54.35. The company had a trading volume of 214,509 shares, compared to its average volume of 89,558. Matthews International Corporation has a 12-month low of $52.85 and a 12-month high of $77.85. The company has a current ratio of 2.13, a quick ratio of 1.51 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1,749.36, a price-to-earnings ratio of 15.22 and a beta of 1.12.
Matthews International Corporation (NASDAQ:MATW) last posted its earnings results on Thursday, November 16th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Matthews International Corporation had a net margin of 4.83% and a return on equity of 16.16%. The company had revenue of $396.10 million during the quarter, compared to analysts’ expectations of $389.67 million. During the same period in the previous year, the company posted $1.08 EPS. Matthews International Corporation’s quarterly revenue was up 5.1% compared to the same quarter last year. analysts anticipate that Matthews International Corporation will post 3.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be issued a $0.19 dividend. The ex-dividend date is Friday, November 24th. This is an increase from Matthews International Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.40%. Matthews International Corporation’s payout ratio is 30.22%.
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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