Matthews International (NASDAQ:MATW) Issues Quarterly Earnings Results, Beats Expectations By $0.16 EPS
Matthews International (NASDAQ:MATW) released its earnings results on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.16, MarketWatch Earnings reports. The company had revenue of $359.42 million during the quarter, compared to analyst estimates of $361.97 million. Matthews International had a negative net margin of 11.11% and a positive return on equity of 13.43%.
MATW traded up $0.59 during trading on Friday, reaching $21.60. 401,726 shares of the company traded hands, compared to its average volume of 284,764. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.36 and a current ratio of 1.94. Matthews International has a 12-month low of $17.01 and a 12-month high of $40.36. The firm has a fifty day simple moving average of $19.06 and a 200 day simple moving average of $25.11. The company has a market cap of $675.43 million, a P/E ratio of -4.06 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.21 per share. This is a positive change from Matthews International’s previous quarterly dividend of $0.13. This represents a $0.84 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Friday, July 31st. Matthews International’s dividend payout ratio (DPR) is 25.38%.
In other Matthews International news, insider Edward M. Brady, Jr. bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $19.00 per share, with a total value of $38,000.00. Following the completion of the acquisition, the insider now owns 8,920 shares in the company, valued at approximately $169,480. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.40% of the company’s stock.
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.
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