B. Riley Has Negative Outlook of MATW FY2025 Earnings

Matthews International Corporation (NASDAQ:MATW) – Analysts at B. Riley cut their FY2025 earnings estimates for Matthews International in a research report issued on Thursday, August 7th. B. Riley analyst L. Burke now anticipates that the company will post earnings of $1.03 per share for the year, down from their prior estimate of $1.22. The consensus estimate for Matthews International’s current full-year earnings is $1.73 per share.

Matthews International (NASDAQ:MATW) last posted its earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). The firm had revenue of $349.40 million for the quarter, compared to analyst estimates of $321.95 million. Matthews International had a positive return on equity of 9.15% and a negative net margin of 4.01%.

Separately, Wall Street Zen raised shares of Matthews International from a “sell” rating to a “hold” rating in a report on Saturday.

Matthews International Trading Down 0.6%

MATW opened at $23.58 on Friday. The stock has a market capitalization of $726.03 million, a PE ratio of -11.12 and a beta of 1.24. The firm’s fifty day moving average price is $23.61 and its 200 day moving average price is $23.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.66 and a quick ratio of 1.09. Matthews International has a 12-month low of $18.50 and a 12-month high of $32.24.

Institutional Trading of Matthews International

Several institutional investors have recently added to or reduced their stakes in MATW. Quadrant Capital Group LLC raised its holdings in shares of Matthews International by 551.8% during the fourth quarter. Quadrant Capital Group LLC now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 767 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Matthews International by 797.2% during the fourth quarter. Sterling Capital Management LLC now owns 951 shares of the company’s stock worth $26,000 after purchasing an additional 845 shares during the period. GAMMA Investing LLC raised its holdings in shares of Matthews International by 55.1% during the second quarter. GAMMA Investing LLC now owns 1,687 shares of the company’s stock worth $40,000 after purchasing an additional 599 shares during the period. Allworth Financial LP raised its holdings in shares of Matthews International by 4,173.1% during the second quarter. Allworth Financial LP now owns 4,615 shares of the company’s stock worth $110,000 after purchasing an additional 4,507 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Matthews International during the first quarter worth $149,000. 83.08% of the stock is owned by institutional investors and hedge funds.

Matthews International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.00 annualized dividend and a yield of 4.2%. Matthews International’s dividend payout ratio is currently -47.17%.

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.