Somewhat Favorable News Coverage Somewhat Unlikely to Impact Matthews International Corporation (MATW) Stock Price
Media headlines about Matthews International Corporation (NASDAQ:MATW) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Matthews International Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.5281348781453 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Matthews International Corporation (MATW) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Analyzing Matthews International Corporation (MATW) & Its Peers (americanbankingnews.com)
- SGK :’s Tearle Calinog Is Keynote At IEN Creative Operations Exchange East (4-traders.com)
- SGK’s Tearle Calinog Is Keynote At IEN Creative Operations Exchange East (finance.yahoo.com)
- Matthews International Corporation (MATW) versus Its Peers Head to Head Analysis (americanbankingnews.com)
Several research analysts have commented on the stock. Zacks Investment Research cut shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a report on Saturday. BidaskClub cut shares of Matthews International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. FBR & Co reiterated an “outperform” rating on shares of Matthews International Corporation in a report on Tuesday, July 11th. Finally, Macquarie upgraded shares of Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Matthews International Corporation presently has an average rating of “Hold” and a consensus target price of $83.50.
Matthews International Corporation (MATW) traded up 2.17% on Friday, reaching $61.25. 72,388 shares of the company’s stock traded hands. The firm has a market capitalization of $1.97 billion, a P/E ratio of 25.81 and a beta of 1.13. The stock has a 50-day moving average of $61.26 and a 200 day moving average of $64.42. Matthews International Corporation has a 52 week low of $57.40 and a 52 week high of $77.85.
Matthews International Corporation (NASDAQ:MATW) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. Matthews International Corporation had a net margin of 5.17% and a return on equity of 16.23%. The firm had revenue of $389.63 million for the quarter, compared to analyst estimates of $392.03 million. During the same quarter last year, the firm posted $0.97 earnings per share. Matthews International Corporation’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Matthews International Corporation will post $3.61 EPS for the current fiscal year.
Matthews International Corporation Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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