Multi-Color Co. (NASDAQ:labl) declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Wednesday, February 15th will be given a dividend of 0.05 per share on Wednesday, March 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Monday, February 13th.
Multi-Color (NASDAQ:LABL) opened at 75.70 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 25.65 and a beta of 1.05. The stock has a 50 day moving average of $77.85 and a 200-day moving average of $70.64. Multi-Color has a 52-week low of $43.94 and a 52-week high of $81.20.
Multi-Color (NASDAQ:LABL) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.06. The company earned $210.70 million during the quarter, compared to the consensus estimate of $218.50 million. Multi-Color had a net margin of 5.80% and a return on equity of 16.09%. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Multi-Color will post $3.52 EPS for the current year.
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In other news, Director Thomas M. Mohr sold 1,500 shares of the stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $72.68, for a total value of $109,020.00. Following the completion of the sale, the director now owns 11,519 shares of the company’s stock, valued at approximately $837,200.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nigel A. Vinecombe sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $72.85, for a total value of $1,821,250.00. Following the completion of the sale, the insider now directly owns 13,145 shares of the company’s stock, valued at approximately $957,613.25. The disclosure for this sale can be found here. Corporate insiders own 20.20% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Multi-Color from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. BMO Capital Markets reissued a “hold” rating and set a $80.00 target price on shares of Multi-Color in a research note on Wednesday, January 25th. KeyCorp reissued a “sell” rating and set a $67.00 target price on shares of Multi-Color in a research note on Wednesday. Robert W. Baird cut Multi-Color from an “outperform” rating to a “neutral” rating and set a $80.00 target price for the company. in a research note on Wednesday, January 4th. Finally, Hilliard Lyons cut Multi-Color from a “buy” rating to a “neutral” rating in a research note on Thursday, January 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $74.50.
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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