Matthews International Co. Forecasted to Earn FY2025 Earnings of $2.95 Per Share (NASDAQ:MATW)

Matthews International Co. (NASDAQ:MATW) – Equities researchers at B. Riley raised their FY2025 earnings estimates for Matthews International in a report issued on Monday, May 6th. B. Riley analyst L. Burke now forecasts that the company will earn $2.95 per share for the year, up from their previous estimate of $2.78. B. Riley currently has a “Buy” rating and a $59.00 target price on the stock. The consensus estimate for Matthews International’s current full-year earnings is $2.60 per share.

Separately, StockNews.com cut shares of Matthews International from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Matthews International Stock Down 0.1 %

Shares of NASDAQ:MATW opened at $28.69 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.82. Matthews International has a 52-week low of $25.42 and a 52-week high of $48.86. The company has a market capitalization of $880.27 million, a PE ratio of 27.07 and a beta of 1.14. The company has a fifty day moving average of $28.32 and a 200-day moving average of $32.09.

Matthews International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.96 annualized dividend and a dividend yield of 3.35%. Matthews International’s dividend payout ratio is 90.57%.

Institutional Trading of Matthews International

A number of institutional investors have recently bought and sold shares of MATW. Norges Bank bought a new stake in Matthews International during the fourth quarter valued at $7,200,000. Allspring Global Investments Holdings LLC boosted its position in Matthews International by 53.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 470,016 shares of the company’s stock valued at $17,226,000 after acquiring an additional 163,984 shares during the last quarter. Campbell Capital Management Inc. bought a new stake in Matthews International during the fourth quarter valued at $4,236,000. Jupiter Asset Management Ltd. bought a new stake in Matthews International during the third quarter valued at $3,882,000. Finally, Great Lakes Advisors LLC bought a new stake in Matthews International during the third quarter valued at $2,530,000. Institutional investors own 83.08% of the company’s stock.

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.