Matthews International Co. (NASDAQ:MATW) Expected to Earn FY2025 Earnings of $2.95 Per Share

Matthews International Co. (NASDAQ:MATW) – Equities researchers at B. Riley increased their FY2025 earnings per share (EPS) estimates for Matthews International in a research note issued to investors on Monday, May 6th. B. Riley analyst L. Burke now forecasts that the company will earn $2.95 per share for the year, up from their previous forecast of $2.78. B. Riley has a “Buy” rating and a $59.00 price target on the stock. The consensus estimate for Matthews International’s current full-year earnings is $2.60 per share.

Separately, StockNews.com cut shares of Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Matthews International Trading Up 0.4 %

NASDAQ:MATW opened at $28.80 on Wednesday. Matthews International has a 52 week low of $25.42 and a 52 week high of $48.86. The firm’s fifty day moving average is $28.32 and its 200-day moving average is $32.07. The firm has a market cap of $883.64 million, a P/E ratio of 27.17 and a beta of 1.14. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.82.

Matthews International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, May 3rd. Matthews International’s dividend payout ratio (DPR) is presently 90.57%.

Institutional Trading of Matthews International

Large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its stake in Matthews International by 67.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,202 shares of the company’s stock worth $441,000 after acquiring an additional 5,710 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Matthews International by 20.2% during the first quarter. ProShare Advisors LLC now owns 266,146 shares of the company’s stock valued at $8,272,000 after purchasing an additional 44,798 shares during the period. Inspire Investing LLC raised its holdings in shares of Matthews International by 12.3% during the first quarter. Inspire Investing LLC now owns 12,992 shares of the company’s stock valued at $404,000 after purchasing an additional 1,428 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Matthews International by 2.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,853 shares of the company’s stock worth $835,000 after purchasing an additional 533 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Matthews International by 18.7% in the 1st quarter. BNP Paribas Financial Markets now owns 14,873 shares of the company’s stock valued at $462,000 after buying an additional 2,344 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.

Matthews International Company Profile

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.