Matthews International (NASDAQ:MATW) announced its quarterly earnings results on Thursday. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01), Briefing.com reports. The firm had revenue of $392.40 million during the quarter, compared to analysts’ expectations of $380.59 million. Matthews International had a negative net margin of 2.47% and a positive return on equity of 12.34%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS.
Shares of NASDAQ:MATW opened at $36.89 on Friday. Matthews International has a 52 week low of $28.57 and a 52 week high of $46.72. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.15 and a beta of 1.20. The firm has a 50 day moving average of $35.93 and a 200 day moving average of $34.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be paid a $0.21 dividend. This is an increase from Matthews International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 2.28%. Matthews International’s payout ratio is 24.17%.
About Matthews International
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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