Research Analysts Offer Predictions for MATW FY2025 Earnings

Matthews International Co. (NASDAQ:MATW) – Equities researchers at B. Riley raised their FY2025 earnings per share (EPS) estimates for Matthews International in a research note issued to investors on Monday, November 25th. B. Riley analyst L. Burke now forecasts that the company will earn $2.00 per share for the year, up from their previous forecast of $1.93. B. Riley has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for Matthews International’s current full-year earnings is $1.93 per share.

Matthews International Stock Performance

Shares of MATW stock opened at $30.35 on Wednesday. The stock’s 50-day moving average is $23.54 and its two-hundred day moving average is $25.23. The firm has a market cap of $928.71 million, a price-to-earnings ratio of -15.71 and a beta of 1.06. Matthews International has a 1 year low of $21.09 and a 1 year high of $39.12. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 1.45.

Hedge Funds Weigh In On Matthews International

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Matthews International by 7.7% during the third quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company’s stock worth $153,000 after purchasing an additional 471 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Matthews International by 3.5% during the second quarter. SummerHaven Investment Management LLC now owns 16,118 shares of the company’s stock worth $404,000 after purchasing an additional 538 shares during the last quarter. KBC Group NV grew its holdings in shares of Matthews International by 63.7% during the third quarter. KBC Group NV now owns 1,937 shares of the company’s stock worth $45,000 after purchasing an additional 754 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Matthews International by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 15,707 shares of the company’s stock worth $393,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Matthews International by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 68,771 shares of the company’s stock worth $2,138,000 after buying an additional 1,063 shares during the last quarter. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Matthews International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This is a positive change from Matthews International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 3.29%. Matthews International’s dividend payout ratio (DPR) is presently -49.74%.

Matthews International Company Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.