Somewhat Positive Press Coverage Somewhat Unlikely to Impact Matthews International Corporation (NASDAQ:MATW) Share Price
News headlines about Matthews International Corporation (NASDAQ:MATW) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Matthews International Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.3512292662026 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Matthews International Corp. breached its 50 day moving average in a Bearish Manner : MATW-US : August 11, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Matthews International Corp. (finance.yahoo.com)
- Reviewing Matthews International Corporation (NASDAQ:MATW) and Unilever NV (UN) (americanbankingnews.com)
- Zacks: Matthews International Corporation (NASDAQ:MATW) Receives Average Rating of “Strong Buy” from Brokerages (americanbankingnews.com)
Shares of Matthews International Corporation (MATW) traded down 0.94% during midday trading on Friday, hitting $63.05. 103,132 shares of the company were exchanged. The company has a 50-day moving average of $64.23 and a 200 day moving average of $65.94. The company has a market capitalization of $2.03 billion, a P/E ratio of 26.57 and a beta of 1.11. Matthews International Corporation has a one year low of $56.72 and a one year high of $77.85.
Matthews International Corporation (NASDAQ:MATW) last posted its earnings results on Thursday, July 27th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. The firm had revenue of $389.63 million during the quarter, compared to analysts’ expectations 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 business earned $0.97 earnings per share. On average, equities research analysts expect that Matthews International Corporation will post $3.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Matthews International Corporation’s previous quarterly dividend of $0.13. Matthews International Corporation’s dividend payout ratio is 28.45%.
MATW has been the subject of a number of recent analyst reports. Macquarie upgraded shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub cut shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, FBR & Co reiterated an “outperform” rating on shares of Matthews International Corporation in a research report on Tuesday, July 11th.
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Matthews International Corporation Company Profile
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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