BidaskClub lowered shares of Matthews International (NASDAQ:MATW) from a sell rating to a strong sell rating in a report released on Tuesday morning.

A number of other equities research analysts have also recently commented on MATW. Zacks Investment Research cut Matthews International from a hold rating to a sell rating in a research note on Saturday, September 23rd. B. Riley reissued a buy rating and issued a $92.00 price objective on shares of Matthews International in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $83.50.

Shares of Matthews International (MATW) traded down $0.20 during trading on Tuesday, reaching $53.50. The company’s stock had a trading volume of 90,700 shares, compared to its average volume of 95,772. The company has a quick ratio of 1.49, a current ratio of 2.09 and a debt-to-equity ratio of 1.12. Matthews International has a 12-month low of $52.70 and a 12-month high of $77.85. The firm has a market capitalization of $1,720.00, a PE ratio of 15.04 and a beta of 1.07.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data on Thursday, November 16th. The company reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.03). Matthews International had a net margin of 4.83% and a return on equity of 15.77%. The firm had revenue of $396.10 million during the quarter, compared to analyst estimates of $389.67 million. During the same period last year, the business posted $1.08 EPS. The company’s revenue was up 5.1% on a year-over-year basis. analysts expect that Matthews International will post 3.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were given a dividend of $0.19 per share. This is a boost from Matthews International’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, November 24th. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. Matthews International’s payout ratio is presently 33.19%.

Large investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in shares of Matthews International by 5.3% during the second quarter. Sei Investments Co. now owns 20,374 shares of the company’s stock valued at $1,248,000 after buying an additional 1,020 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Matthews International by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 180,113 shares of the company’s stock worth $11,031,000 after purchasing an additional 1,816 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in Matthews International by 0.3% in the second quarter. Eagle Boston Investment Management Inc. now owns 170,054 shares of the company’s stock worth $10,415,000 after purchasing an additional 483 shares during the last quarter. Verition Fund Management LLC purchased a new position in Matthews International in the second quarter worth $279,000. Finally, Vanguard Group Inc. boosted its position in Matthews International by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,105,791 shares of the company’s stock worth $190,229,000 after purchasing an additional 24,754 shares during the last quarter. 78.65% of the stock is currently owned by institutional investors.

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About Matthews International

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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