Matthews International Corporation (NASDAQ:MATW – Free Report) – Research analysts at B. Riley raised their FY2026 earnings per share (EPS) estimates for shares of Matthews International in a research report issued on Thursday, August 28th. B. Riley analyst L. Burke now forecasts that the company will post earnings of $1.19 per share for the year, up from their previous forecast of $0.35. The consensus estimate for Matthews International’s current full-year earnings is $1.73 per share.
Matthews International (NASDAQ:MATW – Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). Matthews International had a negative net margin of 4.01% and a positive return on equity of 9.15%. The business had revenue of $349.40 million for the quarter, compared to the consensus estimate of $321.95 million.
View Our Latest Stock Report on Matthews International
Matthews International Trading Up 1.6%
NASDAQ:MATW opened at $24.57 on Monday. Matthews International has a fifty-two week low of $18.50 and a fifty-two week high of $32.24. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.66 and a quick ratio of 0.98. The stock has a market capitalization of $756.51 million, a PE ratio of -11.59 and a beta of 1.27. The business’s 50-day simple moving average is $24.25 and its 200-day simple moving average is $22.70.
Institutional Investors Weigh In On Matthews International
Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Matthews International by 55.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,687 shares of the company’s stock worth $40,000 after purchasing an additional 599 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Matthews International by 187.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,885 shares of the company’s stock worth $69,000 after purchasing an additional 1,880 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Matthews International by 51.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,080 shares of the company’s stock worth $74,000 after purchasing an additional 1,048 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Matthews International by 25.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,445 shares of the company’s stock worth $84,000 after purchasing an additional 689 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Matthews International by 4,173.1% during the 2nd quarter. Allworth Financial LP now owns 4,615 shares of the company’s stock worth $110,000 after purchasing an additional 4,507 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.
Matthews International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.1%. Matthews International’s payout ratio is -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.
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