$431.65 Million in Sales Expected for Multi-Color Co. (LABL) This Quarter

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Equities research analysts expect Multi-Color Co. (NASDAQ:LABL) to report sales of $431.65 million for the current quarter, according to Zacks. Two analysts have provided estimates for Multi-Color’s earnings, with the lowest sales estimate coming in at $427.30 million and the highest estimate coming in at $436.00 million. Multi-Color reported sales of $449.74 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The company is scheduled to issue its next quarterly earnings report on Tuesday, June 4th.

On average, analysts expect that Multi-Color will report full year sales of $1.72 billion for the current year. For the next fiscal year, analysts forecast that the business will post sales of $1.70 billion, with estimates ranging from $1.68 billion to $1.72 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Multi-Color.

Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Monday, February 11th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.28). The firm had revenue of $397.00 million for the quarter, compared to analysts’ expectations of $409.65 million. Multi-Color had a return on equity of 10.84% and a net margin of 4.33%.

LABL has been the topic of several recent research reports. KeyCorp reaffirmed a “sell” rating on shares of Multi-Color in a report on Wednesday, January 23rd. BidaskClub raised Multi-Color from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Robert W. Baird raised Multi-Color from a “neutral” rating to an “outperform” rating in a report on Monday, January 7th. Sidoti cut Multi-Color from a “buy” rating to a “neutral” rating in a report on Tuesday, February 12th. Finally, BMO Capital Markets decreased their price objective on Multi-Color to $46.00 and set a “market perform” rating on the stock in a report on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. Multi-Color currently has an average rating of “Hold” and an average target price of $57.75.

A number of large investors have recently added to or reduced their stakes in LABL. Advisor Group Inc. raised its holdings in Multi-Color by 10.7% during the 4th quarter. Advisor Group Inc. now owns 2,058 shares of the business services provider’s stock valued at $72,000 after buying an additional 199 shares during the period. Quantamental Technologies LLC purchased a new stake in Multi-Color during the 4th quarter valued at $104,000. Municipal Employees Retirement System of Michigan purchased a new stake in Multi-Color during the 4th quarter valued at $141,000. Metropolitan Life Insurance Co. NY raised its holdings in Multi-Color by 358.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,414 shares of the business services provider’s stock valued at $155,000 after buying an additional 3,451 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Multi-Color during the 4th quarter valued at $186,000. Institutional investors own 69.28% of the company’s stock.

Shares of LABL opened at $49.99 on Tuesday. The company has a market cap of $1.03 billion, a PE ratio of 13.30 and a beta of 1.37. Multi-Color has a 1 year low of $29.95 and a 1 year high of $71.94. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.43 and a current ratio of 1.93.

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.20 annualized dividend and a yield of 0.40%. Multi-Color’s payout ratio is presently 5.32%.

Multi-Color Company Profile

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

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