Equities research analysts predict that Multi-Color Co. (NASDAQ:LABL) will announce $453.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Multi-Color’s earnings, with the lowest sales estimate coming in at $440.00 million and the highest estimate coming in at $466.00 million. Multi-Color posted sales of $256.03 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 76.9%. The firm is expected to issue its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Multi-Color will report full year sales of $1.79 billion for the current financial year, with estimates ranging from $1.79 billion to $1.80 billion. For the next year, analysts anticipate that the firm will post sales of $1.84 billion, with estimates ranging from $1.83 billion to $1.84 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Multi-Color.

Multi-Color (NASDAQ:LABL) last announced its quarterly earnings data on Tuesday, August 7th. The business services provider reported $1.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.06. Multi-Color had a return on equity of 11.70% and a net margin of 5.02%. The company had revenue of $456.13 million for the quarter, compared to analyst estimates of $442.85 million.

Several analysts have recently weighed in on the company. Zacks Investment Research raised Multi-Color from a “sell” rating to a “hold” rating in a report on Friday, September 7th. KeyCorp reissued a “hold” rating on shares of Multi-Color in a report on Tuesday, August 7th. ValuEngine lowered Multi-Color from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Finally, BidaskClub raised Multi-Color from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $72.00.

Shares of NASDAQ:LABL traded down $1.23 during trading on Friday, hitting $55.75. 78,649 shares of the stock were exchanged, compared to its average volume of 109,715. Multi-Color has a 1-year low of $55.11 and a 1-year high of $89.70. The firm has a market capitalization of $1.28 billion, a PE ratio of 14.83 and a beta of 0.67. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 2.21.

In other news, insider Nigel A. Vinecombe sold 25,000 shares of Multi-Color stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $60.88, for a total transaction of $1,522,000.00. Following the sale, the insider now owns 62,190 shares of the company’s stock, valued at approximately $3,786,127.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.20% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in Multi-Color by 9,037.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 272,302 shares of the business services provider’s stock valued at $182,000 after buying an additional 269,322 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Multi-Color in the 2nd quarter valued at $206,000. Laurion Capital Management LP acquired a new stake in Multi-Color in the 2nd quarter valued at $207,000. Piedmont Investment Advisors LLC acquired a new stake in Multi-Color in the 2nd quarter valued at $210,000. Finally, Quantbot Technologies LP acquired a new stake in Multi-Color in the 1st quarter valued at $215,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

About Multi-Color

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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Earnings History and Estimates for Multi-Color (NASDAQ:LABL)

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