Multi-Color (NASDAQ:LABL) released its quarterly earnings data on Tuesday. The business services provider reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06, Bloomberg Earnings reports. Multi-Color had a net margin of 5.53% and a return on equity of 12.00%. The firm had revenue of $456.13 million during the quarter, compared to analysts’ expectations of $442.85 million.

LABL stock traded down $1.10 during midday trading on Wednesday, reaching $62.90. 800 shares of the company’s stock traded hands, compared to its average volume of 96,063. Multi-Color has a 52-week low of $61.45 and a 52-week high of $89.70. The stock has a market cap of $1.32 billion, a P/E ratio of 16.74 and a beta of 0.81. The company has a current ratio of 1.84, a quick ratio of 1.32 and a debt-to-equity ratio of 2.08.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Wednesday, August 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. Multi-Color’s dividend payout ratio is currently 5.32%.

Several research firms have recently weighed in on LABL. KeyCorp reissued a “hold” rating on shares of Multi-Color in a report on Tuesday. Zacks Investment Research raised shares of Multi-Color from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Wednesday, August 1st. ValuEngine cut shares of Multi-Color from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Finally, BidaskClub cut shares of Multi-Color from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.00.

In other Multi-Color news, insider Nigel A. Vinecombe sold 32,419 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $70.01, for a total transaction of $2,269,654.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sharon E. Birkett sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $68.90, for a total transaction of $930,150.00. Following the sale, the chief financial officer now directly owns 13,236 shares of the company’s stock, valued at $911,960.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,500 shares of company stock valued at $4,430,474. 32.20% of the stock is owned by corporate insiders.

Multi-Color Company Profile

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Earnings History for Multi-Color (NASDAQ:LABL)

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