Shares of Matthews International Corporation (NASDAQ:MATW) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $92.00 for the company, according to Zacks. Zacks has also assigned Matthews International Corporation an industry rank of 193 out of 265 based on the ratings given to related companies.
MATW has been the topic of a number of research 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 raised shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Wednesday, July 5th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Matthews International Corporation in a research note on Tuesday, July 11th.
Shares of Matthews International Corporation (NASDAQ MATW) opened at 64.85 on Friday. Matthews International Corporation has a 12 month low of $56.72 and a 12 month high of $77.85. The firm has a 50-day moving average of $64.22 and a 200-day moving average of $66.28. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 27.33 and a beta of 1.11.
Matthews International Corporation (NASDAQ:MATW) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. The firm had revenue of $389.63 million for the quarter, compared to analyst estimates of $392.03 million. Matthews International Corporation had a net margin of 5.17% and a return on equity of 16.23%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, analysts anticipate that Matthews International Corporation will post $3.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a $0.17 dividend. This is a boost from Matthews International Corporation’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, July 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.05%. Matthews International Corporation’s dividend payout ratio is 28.45%.
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Large investors have recently made changes to their positions in the stock. Clarkston Capital Partners LLC boosted its stake in shares of Matthews International Corporation by 0.5% in the second quarter. Clarkston Capital Partners LLC now owns 1,077,161 shares of the company’s stock worth $65,976,000 after buying an additional 5,245 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Matthews International Corporation by 3.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock worth $466,000 after buying an additional 270 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Matthews International Corporation by 29.1% in the second quarter. Janney Montgomery Scott LLC now owns 15,682 shares of the company’s stock worth $961,000 after buying an additional 3,537 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Matthews International Corporation by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 46,596 shares of the company’s stock worth $2,851,000 after buying an additional 1,520 shares during the period. Finally, Channing Capital Management LLC boosted its stake in shares of Matthews International Corporation by 2.3% in the second quarter. Channing Capital Management LLC now owns 785,667 shares of the company’s stock worth $48,122,000 after buying an additional 18,004 shares during the period. 79.10% of the stock is owned by institutional investors.
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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