Multi-Color (NASDAQ:LABL) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.50-3.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.25.
LABL traded up $0.48 during trading on Monday, reaching $50.94. The company’s stock had a trading volume of 235,636 shares, compared to its average volume of 194,921. Multi-Color has a 52-week low of $29.95 and a 52-week high of $71.94. The firm has a market capitalization of $1.04 billion, a PE ratio of 13.55 and a beta of 1.29. The company has a current ratio of 1.84, a quick ratio of 1.42 and a debt-to-equity ratio of 2.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, February 14th. Multi-Color’s dividend payout ratio is presently 5.32%.
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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