Matthews International (NASDAQ:MATW) announced its quarterly earnings results on Thursday. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01), Briefing.com reports. Matthews International had a negative net margin of 2.47% and a positive return on equity of 12.34%. The company had revenue of $392.40 million during the quarter, compared to the consensus estimate of $380.59 million. During the same quarter last year, the company earned $1.23 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis.
Shares of MATW stock opened at $36.89 on Friday. The stock’s fifty day moving average is $35.93 and its 200-day moving average is $34.39. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.36 and a current ratio of 1.96. The stock has a market capitalization of $1.12 billion, a PE ratio of 11.15 and a beta of 1.20. Matthews International has a 52 week low of $28.57 and a 52 week high of $46.72.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from Matthews International’s previous quarterly dividend of $0.20. Matthews International’s dividend payout ratio is presently 24.17%.
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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