Matthews International (NASDAQ:MATW – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.12), Zacks reports. Matthews International had a negative net margin of 3.32% and a positive return on equity of 13.69%.
Matthews International Stock Performance
Shares of NASDAQ MATW traded down $2.51 during mid-day trading on Friday, hitting $26.97. The company had a trading volume of 162,091 shares, compared to its average volume of 228,583. Matthews International has a 12 month low of $21.09 and a 12 month high of $32.24. The stock has a market cap of $835.11 million, a price-to-earnings ratio of -14.08 and a beta of 1.14. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $29.17 and its two-hundred day simple moving average is $26.18.
Matthews International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Monday, February 10th. Matthews International’s dividend payout ratio (DPR) is presently -51.81%.
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.
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