Matthews International (MATW) Set to Announce Earnings on Thursday

Matthews International (NASDAQ:MATWGet Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, February 1st. Analysts expect Matthews International to post earnings of $0.57 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Matthews International (NASDAQ:MATWGet Free Report) last released its earnings results on Thursday, November 16th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Matthews International had a return on equity of 17.45% and a net margin of 2.09%. The business had revenue of $480.17 million during the quarter, compared to the consensus estimate of $483.00 million. On average, analysts expect Matthews International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Matthews International Stock Performance

NASDAQ:MATW opened at $34.23 on Wednesday. The company has a market capitalization of $1.05 billion, a P/E ratio of 27.38 and a beta of 1.15. Matthews International has a 1 year low of $32.80 and a 1 year high of $48.86. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.64 and a quick ratio of 0.98. The business has a fifty day simple moving average of $35.27 and a two-hundred day simple moving average of $38.75.

Matthews International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 19th. Investors of record on Monday, February 5th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.80%. This is a boost from Matthews International’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 2nd. Matthews International’s payout ratio is presently 76.80%.

Analysts Set New Price Targets

Separately, began coverage on Matthews International in a research report on Thursday, October 5th. They set a “buy” rating for the company.

View Our Latest Research Report on MATW

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE grew its stake in shares of Matthews International by 92.3% in the 1st quarter. US Bancorp DE now owns 854 shares of the company’s stock worth $28,000 after buying an additional 410 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Matthews International by 97.7% during the first quarter. Tower Research Capital LLC TRC now owns 858 shares of the company’s stock valued at $31,000 after purchasing an additional 424 shares in the last quarter. Cruiser Capital Advisors LLC purchased a new position in Matthews International in the first quarter worth about $32,000. Lazard Asset Management LLC purchased a new position in Matthews International in the second quarter worth about $55,000. Finally, State of Wyoming purchased a new position in Matthews International in the second quarter worth about $64,000. Institutional investors own 76.40% of the company’s stock.

About Matthews International

(Get Free Report)

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.

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Earnings History for Matthews International (NASDAQ:MATW)

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