Matthews International (MATW) to Release Earnings on Thursday

Matthews International (NASDAQ:MATWGet Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, January 26th. Analysts expect Matthews International to post earnings of $0.49 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Matthews International (NASDAQ:MATWGet Rating) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The company had revenue of $457.13 million for the quarter, compared to analyst estimates of $415.53 million. Matthews International had a positive return on equity of 15.37% and a negative net margin of 5.66%. 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 Trading Up 0.4 %

NASDAQ MATW opened at $36.15 on Wednesday. The firm has a market cap of $1.10 billion, a P/E ratio of -11.23 and a beta of 1.11. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.53 and a quick ratio of 0.98. The stock’s 50-day moving average is $32.55 and its 200-day moving average is $28.06. Matthews International has a one year low of $22.12 and a one year high of $37.90.

Matthews International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 28th were given a dividend of $0.23 per share. The ex-dividend date was Friday, November 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change from Matthews International’s previous quarterly dividend of $0.22. Matthews International’s dividend payout ratio (DPR) is currently -28.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Matthews International in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

Insider Activity at Matthews International

In related news, CEO Joseph C. Bartolacci sold 10,000 shares of Matthews International stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $30.17, for a total value of $301,700.00. Following the sale, the chief executive officer now owns 345,117 shares of the company’s stock, valued at approximately $10,412,179.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Matthews International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new stake in Matthews International in the 3rd quarter valued at approximately $214,000. BNP Paribas Arbitrage SNC increased its position in shares of Matthews International by 36.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 17,010 shares of the company’s stock worth $381,000 after purchasing an additional 4,563 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Matthews International by 2.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 31,638 shares of the company’s stock worth $709,000 after purchasing an additional 882 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Matthews International by 4.0% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 70,391 shares of the company’s stock worth $1,578,000 after purchasing an additional 2,694 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Matthews International by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 417,519 shares of the company’s stock worth $9,357,000 after purchasing an additional 5,586 shares during the last quarter. Institutional investors and hedge funds own 81.25% of the company’s stock.

About Matthews International

(Get Rating)

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, emblems, lights, photo ceramics, caskets, and cremation and incineration equipment for the cemetery and funeral home industries.

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Earnings History for Matthews International (NASDAQ:MATW)

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