Multi-Color Corporation (NASDAQ:LABL) – Stock analysts at KeyCorp reduced their Q2 2018 earnings per share (EPS) estimates for Multi-Color Corporation in a report issued on Sunday. KeyCorp analyst A. Josephson now anticipates that the business services provider will post earnings of $1.08 per share for the quarter, down from their prior forecast of $1.10. KeyCorp also issued estimates for Multi-Color Corporation’s Q4 2018 earnings at $1.12 EPS.
Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Friday, June 2nd. BidaskClub lowered shares of Multi-Color Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.50.
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Multi-Color Corporation (NASDAQ:LABL) traded down 0.06% on Wednesday, reaching $77.70. 22,412 shares of the company’s stock were exchanged. The company has a market cap of $1.32 billion, a PE ratio of 22.39 and a beta of 0.83. The firm’s 50 day moving average price is $79.78 and its 200 day moving average price is $77.15. Multi-Color Corporation has a 52-week low of $63.05 and a 52-week high of $88.25.
Multi-Color Corporation (NASDAQ:LABL) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. The firm had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $242.47 million. Multi-Color Corporation had a net margin of 6.38% and a return on equity of 15.85%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, August 11th. Multi-Color Corporation’s payout ratio is 5.76%.
In related news, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $86.39, for a total value of $2,159,750.00. Following the transaction, the insider now owns 14,309 shares of the company’s stock, valued at $1,236,154.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sharon E. Birkett sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.20, for a total transaction of $431,000.00. Following the completion of the transaction, the chief financial officer now directly owns 6,342 shares in the company, valued at approximately $546,680.40. The disclosure for this sale can be found here. In the last three months, insiders sold 38,700 shares of company stock worth $3,330,772. 19.40% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of LABL. Teachers Advisors LLC increased its position in Multi-Color Corporation by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 22,109 shares of the business services provider’s stock worth $1,716,000 after buying an additional 1,103 shares during the last quarter. Capstone Asset Management Co. increased its position in Multi-Color Corporation by 29.2% in the first quarter. Capstone Asset Management Co. now owns 3,979 shares of the business services provider’s stock worth $283,000 after buying an additional 899 shares during the last quarter. Atria Investments LLC increased its position in Multi-Color Corporation by 4.2% in the first quarter. Atria Investments LLC now owns 2,944 shares of the business services provider’s stock worth $209,000 after buying an additional 119 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Multi-Color Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the business services provider’s stock worth $383,000 after buying an additional 100 shares during the last quarter. Finally, Hartford Investment Management Co. increased its position in Multi-Color Corporation by 2.5% in the first quarter. Hartford Investment Management Co. now owns 80,445 shares of the business services provider’s stock worth $5,712,000 after buying an additional 1,982 shares during the last quarter. 76.33% of the stock is currently owned by institutional investors.
About Multi-Color Corporation
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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