Matthews International (NASDAQ:MATW) Announces Earnings Results, Misses Estimates By $0.04 EPS

Matthews International (NASDAQ:MATW) announced its earnings results on Thursday. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04), Bloomberg Earnings reports. Matthews International had a return on equity of 13.18% and a net margin of 4.04%. The firm had revenue of $379.30 million for the quarter, compared to the consensus estimate of $388.38 million. During the same period in the prior year, the business earned $1.16 EPS. Matthews International’s quarterly revenue was down 7.8% on a year-over-year basis.

MATW traded down $0.78 during midday trading on Friday, hitting $31.60. The company had a trading volume of 231,573 shares, compared to its average volume of 124,314. Matthews International has a 52 week low of $29.04 and a 52 week high of $53.70. The company has a quick ratio of 1.40, a current ratio of 2.01 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.03 billion, a P/E ratio of 7.98 and a beta of 1.16. The stock’s 50 day simple moving average is $34.33.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 5th will be paid a $0.20 dividend. This is an increase from Matthews International’s previous quarterly dividend of $0.13. This represents a $0.80 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, August 2nd. Matthews International’s payout ratio is 20.20%.

A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Matthews International from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Zacks Investment Research raised shares of Matthews International from a “sell” rating to a “hold” rating in a research note on Thursday, July 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $70.50.

Matthews International Company Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The company's SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency.

Recommended Story: Bear Market

Earnings History for Matthews International (NASDAQ:MATW)

Receive News & Ratings for Matthews International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matthews International and related companies with MarketBeat.com's FREE daily email newsletter.