Brokerages expect Multi-Color Co. (NASDAQ:LABL) to report sales of $343.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Multi-Color’s earnings, with estimates ranging from $342.30 million to $345.00 million. Multi-Color posted sales of $210.66 million during the same quarter last year, which suggests a positive year-over-year growth rate of 63.1%. The company is scheduled to report its next earnings report on Wednesday, February 14th.

On average, analysts expect that Multi-Color will report full-year sales of $343.65 million for the current fiscal year. For the next financial year, analysts expect that the company will post sales of $1.71 billion per share, with estimates ranging from $1.70 billion to $1.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Multi-Color.

Multi-Color (NASDAQ:LABL) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.05). Multi-Color had a return on equity of 15.52% and a net margin of 6.10%. The company had revenue of $256.03 million for the quarter, compared to the consensus estimate of $246.61 million. During the same quarter in the prior year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis.

A number of research analysts recently weighed in on LABL shares. BMO Capital Markets reissued a “hold” rating and set a $88.00 target price on shares of Multi-Color in a report on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating on shares of Multi-Color in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Multi-Color from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Multi-Color presently has an average rating of “Hold” and an average price target of $82.75.

Multi-Color (NASDAQ LABL) opened at $76.50 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96. The firm has a market capitalization of $1,511.58, a P/E ratio of 20.54 and a beta of 0.78. Multi-Color has a 1-year low of $63.05 and a 1-year high of $88.25.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Tuesday, November 14th. Multi-Color’s dividend payout ratio is 5.90%.

In other news, CEO Michael Julian Henry bought 1,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $71.03 per share, for a total transaction of $71,030.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Nigel A. Vinecombe sold 3,081 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $82.15, for a total value of $253,104.15. Following the completion of the transaction, the chairman now owns 54,309 shares of the company’s stock, valued at $4,461,484.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,846 shares of company stock worth $3,188,636. Insiders own 19.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC lifted its holdings in Multi-Color by 2.9% during the second quarter. TIAA CREF Investment Management LLC now owns 36,387 shares of the business services provider’s stock worth $2,969,000 after acquiring an additional 1,040 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Multi-Color by 45.4% during the second quarter. Parametric Portfolio Associates LLC now owns 31,099 shares of the business services provider’s stock worth $2,538,000 after acquiring an additional 9,714 shares during the period. Pictet Asset Management Ltd. lifted its holdings in Multi-Color by 48.3% during the third quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock worth $13,944,000 after acquiring an additional 55,428 shares during the period. Swiss National Bank raised its stake in shares of Multi-Color by 8.1% in the second quarter. Swiss National Bank now owns 24,000 shares of the business services provider’s stock valued at $1,958,000 after buying an additional 1,800 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Multi-Color by 5.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 58,364 shares of the business services provider’s stock valued at $4,763,000 after buying an additional 2,932 shares during the period. Institutional investors own 66.61% of the company’s stock.

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Multi-Color Company Profile

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.

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

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