Matthews International (NASDAQ:MATW) had its price objective lowered by B. Riley from $70.00 to $65.00 in a research report report published on Friday morning, The Fly reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Matthews International’s Q4 2019 earnings at $1.09 EPS and FY2019 earnings at $3.38 EPS.
MATW has been the subject of a number of other research reports. ValuEngine raised Matthews International from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. BidaskClub raised Matthews International from a hold rating to a buy rating in a research report on Thursday. Finally, Zacks Investment Research cut Matthews International from a buy rating to a hold rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $50.00.
NASDAQ MATW traded down $0.33 during midday trading on Friday, hitting $35.27. 104,320 shares of the company traded hands, compared to its average volume of 122,262. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.96 and a quick ratio of 1.36. The company has a market cap of $1.11 billion, a PE ratio of 8.91 and a beta of 1.20. The company’s 50-day simple moving average is $33.62 and its 200-day simple moving average is $34.64. Matthews International has a 52 week low of $28.57 and a 52 week high of $47.24.
Matthews International (NASDAQ:MATW) last announced its earnings results on Thursday, August 1st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.04). The company had revenue of $379.30 million for the quarter, compared to the consensus estimate of $388.38 million. Matthews International had a net margin of 4.04% and a return on equity of 13.20%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business posted $1.16 EPS. On average, research analysts predict that Matthews International will post 3.6 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of MATW. Point72 Hong Kong Ltd acquired a new stake in shares of Matthews International in the 2nd quarter worth $26,000. Advisor Group Inc. boosted its position in shares of Matthews International by 30.2% in the 2nd quarter. Advisor Group Inc. now owns 1,683 shares of the company’s stock worth $59,000 after purchasing an additional 390 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Matthews International by 247.8% in the 2nd quarter. Bank of Montreal Can now owns 3,624 shares of the company’s stock worth $126,000 after purchasing an additional 2,582 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Matthews International in the 2nd quarter worth $202,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Matthews International in the 2nd quarter worth $209,000. 81.51% of the stock is owned by hedge funds and other institutional investors.
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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