Multi-Color Corporation (NASDAQ:LABL) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.05 per share by the business services provider on Friday, December 1st. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date is Tuesday, November 14th.
Multi-Color Corporation (NASDAQ:LABL) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.06. The company had revenue of $242.40 million for the quarter, compared to analyst estimates of $242.47 million. Multi-Color Corporation had a net margin of 6.38% and a return on equity of 15.85%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share.
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In other Multi-Color Corporation news, insider Nigel A. Vinecombe sold 10,301 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $82.06, for a total value of $845,300.06. Following the transaction, the insider now directly owns 54,309 shares in the company, valued at $4,456,596.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel A. Vinecombe sold 25,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $80.23, for a total transaction of $2,005,750.00. Following the completion of the transaction, the insider now owns 54,309 shares in the company, valued at $4,357,211.07. The disclosure for this sale can be found here. Insiders sold 63,846 shares of company stock worth $5,194,386 over the last quarter. 19.40% of the stock is currently owned by insiders.
LABL has been the topic of a number of recent research reports. BidaskClub lowered shares of Multi-Color Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Multi-Color Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. KeyCorp restated a “sell” rating and set a $67.00 target price on shares of Multi-Color Corporation in a research note on Friday, August 25th. Robert W. Baird restated a “hold” rating on shares of Multi-Color Corporation in a research note on Friday, September 1st. Finally, BMO Capital Markets restated a “hold” rating and set a $88.00 target price on shares of Multi-Color Corporation in a research note on Monday, September 25th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $84.00.
Multi-Color Corporation Company Profile
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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