Wall Street analysts expect Multi-Color Co. (NASDAQ:LABL) to report earnings of $0.78 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Multi-Color’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.76. Multi-Color reported earnings of $0.71 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The business is expected to report its next quarterly earnings results on Tuesday, February 5th.
On average, analysts expect that Multi-Color will report full year earnings of $4.29 per share for the current fiscal year, with EPS estimates ranging from $4.27 to $4.30. For the next fiscal year, analysts forecast that the company will report earnings of $4.51 per share, with EPS estimates ranging from $4.27 to $4.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Multi-Color.
Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.04. Multi-Color had a return on equity of 11.35% and a net margin of 4.99%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $453.46 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue was up 69.9% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Multi-Color by 1.1% in the third quarter. Vanguard Group Inc. now owns 818,445 shares of the business services provider’s stock valued at $50,948,000 after acquiring an additional 9,052 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Multi-Color by 9.0% during the third quarter. Legal & General Group Plc now owns 29,858 shares of the business services provider’s stock valued at $1,855,000 after buying an additional 2,459 shares during the last quarter. Nordea Investment Management AB bought a new position in shares of Multi-Color during the third quarter valued at about $7,803,000. MetLife Investment Advisors LLC grew its stake in shares of Multi-Color by 56.0% during the third quarter. MetLife Investment Advisors LLC now owns 9,619 shares of the business services provider’s stock valued at $599,000 after buying an additional 3,451 shares during the last quarter. Finally, Sagard Capital Partners Management Corp bought a new position in shares of Multi-Color during the third quarter valued at about $4,985,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of LABL stock traded down $0.84 on Friday, reaching $39.61. The company’s stock had a trading volume of 98,462 shares, compared to its average volume of 120,603. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.42 and a current ratio of 1.84. Multi-Color has a 12-month low of $38.96 and a 12-month high of $89.70. The company has a market capitalization of $829.93 million, a PE ratio of 10.53 and a beta of 0.77.
The company also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Thursday, November 15th were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Multi-Color’s dividend payout ratio is presently 5.32%.
Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.
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