Matthews International (MATW) to Release Earnings on Thursday

Matthews International (NASDAQ:MATW) will release its earnings data after the market closes on Thursday, November 16th. Analysts expect Matthews International to post earnings of $0.90 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Matthews International Stock Performance

NASDAQ:MATW opened at $36.18 on Thursday. The stock has a 50-day simple moving average of $38.58 and a two-hundred day simple moving average of $40.78. Matthews International has a 52-week low of $26.08 and a 52-week high of $48.86. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.92 and a current ratio of 1.63. The firm has a market capitalization of $1.10 billion, a PE ratio of -18.65 and a beta of 1.15.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Matthews International by 0.3% during the first quarter. BlackRock Inc. now owns 5,406,300 shares of the company’s stock valued at $174,948,000 after buying an additional 14,222 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Matthews International by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,491,378 shares of the company’s stock valued at $112,981,000 after buying an additional 74,954 shares during the last quarter. State Street Corp grew its stake in shares of Matthews International by 1.0% during the second quarter. State Street Corp now owns 1,153,227 shares of the company’s stock valued at $49,151,000 after buying an additional 11,298 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Matthews International by 5.5% during the first quarter. Gamco Investors INC. ET AL now owns 1,152,150 shares of the company’s stock valued at $37,284,000 after buying an additional 60,100 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Matthews International by 13.3% during the first quarter. Ameriprise Financial Inc. now owns 1,065,328 shares of the company’s stock valued at $38,416,000 after buying an additional 125,465 shares during the last quarter. Institutional investors own 76.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MATW shares. B. Riley upped their price objective on Matthews International from $50.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. StockNews.com started coverage on Matthews International in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Finally, TheStreet lowered Matthews International from a “b-” rating to a “c+” rating in a research note on Wednesday, August 23rd.

About Matthews International

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, emblems, lights, photo ceramics, caskets, and cremation and incineration equipment for the cemetery and funeral home industries.