Matthews International Corp (MATW) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Matthews International Corp (NASDAQ:MATW) have been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $70.50.

Several brokerages have recently weighed in on MATW. BidaskClub lowered shares of Matthews International from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Zacks Investment Research lowered shares of Matthews International from a “hold” rating to a “sell” rating in a report on Saturday, April 20th. Finally, Wellington Shields downgraded shares of Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 1st.

Shares of MATW stock opened at $34.87 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 8.81 and a beta of 1.11. Matthews International has a 1-year low of $34.52 and a 1-year high of $61.25. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.40 and a current ratio of 2.01.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.05). The company had revenue of $391.40 million for the quarter, compared to analysts’ expectations of $408.09 million. Matthews International had a return on equity of 14.25% and a net margin of 4.58%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Analysts forecast that Matthews International will post 3.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, May 3rd. Matthews International’s dividend payout ratio (DPR) is presently 20.20%.

A number of institutional investors and hedge funds have recently bought and sold shares of MATW. Bank of New York Mellon Corp boosted its stake in shares of Matthews International by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 495,287 shares of the company’s stock worth $24,839,000 after acquiring an additional 10,206 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Matthews International by 2.2% during the 3rd quarter. Teachers Advisors LLC now owns 60,995 shares of the company’s stock worth $3,059,000 after acquiring an additional 1,326 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Matthews International by 16.1% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 81,120 shares of the company’s stock worth $4,068,000 after acquiring an additional 11,274 shares during the last quarter. Morgan Stanley boosted its stake in shares of Matthews International by 52.8% during the 3rd quarter. Morgan Stanley now owns 190,210 shares of the company’s stock worth $9,539,000 after acquiring an additional 65,744 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Matthews International by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,356,290 shares of the company’s stock worth $168,318,000 after acquiring an additional 52,096 shares during the last quarter. 82.73% 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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