Multi-Color Corp. (NASDAQ:LABL) – Equities researchers at KeyCorp lowered their Q4 2017 earnings per share estimates for shares of Multi-Color Corp. in a research report issued on Wednesday. KeyCorp analyst A. Josephson now forecasts that the firm will post earnings of $0.83 per share for the quarter, down from their prior estimate of $0.84.

A number of other research firms have also weighed in on LABL. Zacks Investment Research raised shares of Multi-Color Corp. from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, August 10th. Singular Research boosted their target price on shares of Multi-Color Corp. from $67.00 to $70.00 and gave the stock a “buy – long-term” rating in a report on Wednesday, August 17th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.00.

Earnings History and Estimates for Multi-Color Corp. (NASDAQ:LABL)

Multi-Color Corp. (NASDAQ:LABL) traded up 1.17% on Thursday, reaching $73.75. 143,317 shares of the company were exchanged. The stock has a market capitalization of $1.24 billion, a P/E ratio of 24.99 and a beta of 0.92. The company’s 50-day moving average price is $65.94 and its 200-day moving average price is $64.28. Multi-Color Corp. has a 12-month low of $40.16 and a 12-month high of $74.95.

Multi-Color Corp. (NASDAQ:LABL) last released its earnings results on Wednesday, November 9th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business earned $232.10 million during the quarter, compared to the consensus estimate of $235.48 million. Multi-Color Corp. had a net margin of 5.55% and a return on equity of 16.38%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis.

Several hedge funds and other institutional investors have recently modified their holdings of LABL. BlackRock Inc. increased its position in Multi-Color Corp. by 12.0% in the third quarter. BlackRock Inc. now owns 1,575 shares of the company’s stock worth $104,000 after buying an additional 169 shares during the last quarter. PineBridge Investments L.P. bought a new position in Multi-Color Corp. during the second quarter worth about $106,000. Teacher Retirement System of Texas increased its position in Multi-Color Corp. by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 1,881 shares of the company’s stock worth $119,000 after buying an additional 233 shares during the last quarter. Mason Street Advisors LLC bought a new position in Multi-Color Corp. during the second quarter worth about $163,000. Finally, Sei Investments Co. increased its position in Multi-Color Corp. by 3.9% in the third quarter. Sei Investments Co. now owns 2,676 shares of the company’s stock worth $176,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. Multi-Color Corp.’s dividend payout ratio (DPR) is currently 6.78%.

About Multi-Color Corp.

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.

5 Day Chart for NASDAQ:LABL

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