Analysts expect that Multi-Color Co. (NASDAQ:LABL) will report earnings of $1.12 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Multi-Color’s earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.12. Multi-Color posted earnings per share of $0.98 in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The firm is scheduled to report its next earnings results on Tuesday, May 29th.
On average, analysts expect that Multi-Color will report full year earnings of $3.71 per share for the current year, with EPS estimates ranging from $3.64 to $3.75. For the next fiscal year, analysts expect that the firm will post earnings of $4.40 per share, with EPS estimates ranging from $4.15 to $4.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Multi-Color.
Multi-Color (NASDAQ:LABL) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The firm had revenue of $352.70 million for the quarter, compared to the consensus estimate of $346.37 million. Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. The firm’s quarterly revenue was up 67.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share.
In related news, Director Robert R. Buck sold 9,530 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total transaction of $686,731.80. Following the completion of the transaction, the director now directly owns 17,441 shares of the company’s stock, valued at $1,256,798.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Oliver Apel purchased 1,100 shares of Multi-Color stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $66.68 per share, with a total value of $73,348.00. Following the completion of the transaction, the chief operating officer now directly owns 1,100 shares of the company’s stock, valued at approximately $73,348. The disclosure for this purchase can be found here. Corporate insiders own 19.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of LABL. ArrowMark Colorado Holdings LLC boosted its position in Multi-Color by 17.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,232,241 shares of the business services provider’s stock valued at $167,083,000 after purchasing an additional 332,879 shares during the last quarter. BlackRock Inc. boosted its position in Multi-Color by 3.5% during the fourth quarter. BlackRock Inc. now owns 1,744,331 shares of the business services provider’s stock valued at $130,564,000 after purchasing an additional 59,705 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in Multi-Color by 48.3% during the third quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock valued at $13,944,000 after purchasing an additional 55,428 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Multi-Color by 6.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 763,525 shares of the business services provider’s stock valued at $57,149,000 after purchasing an additional 47,050 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its position in Multi-Color by 5.5% during the fourth quarter. Standard Life Aberdeen plc now owns 756,522 shares of the business services provider’s stock valued at $56,625,000 after purchasing an additional 39,251 shares during the last quarter. 63.63% of the stock is owned by hedge funds and other institutional investors.
Multi-Color (LABL) opened at $64.95 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.41 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $1,327.76, a PE ratio of 17.37 and a beta of 0.76. Multi-Color has a fifty-two week low of $64.60 and a fifty-two week high of $89.70.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.20 annualized dividend and a yield of 0.31%. Multi-Color’s dividend payout ratio (DPR) is presently 5.35%.
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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