Media coverage about Multi-Color (NASDAQ:LABL) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Multi-Color earned a news impact score of 0.03 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.5420680669043 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
LABL has been the subject of a number of research reports. BidaskClub cut shares of Multi-Color from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 21st. Hilliard Lyons raised shares of Multi-Color from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research raised shares of Multi-Color from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, TheStreet cut shares of Multi-Color from a “b-” rating to a “c+” rating in a report on Monday, March 5th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $77.40.
LABL stock opened at $67.45 on Wednesday. Multi-Color has a one year low of $61.90 and a one year high of $89.70. The company has a current ratio of 1.94, a quick ratio of 1.41 and a debt-to-equity ratio of 2.21. The stock has a market cap of $1,402.38, a PE ratio of 18.03 and a beta of 0.93.
Multi-Color (NASDAQ:LABL) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. The firm had revenue of $352.70 million for the quarter, compared to analyst estimates of $346.37 million. During the same quarter last year, the firm earned $0.70 earnings per share. The company’s revenue was up 67.4% compared to the same quarter last year. research analysts predict that Multi-Color will post 3.71 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Multi-Color’s dividend payout ratio (DPR) is 5.35%.
In related news, COO Oliver Apel bought 1,100 shares of the stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $66.68 per share, for a total transaction of $73,348.00. Following the completion of the transaction, the chief operating officer now owns 1,100 shares of the company’s stock, valued at approximately $73,348. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ari J. Benacerraf bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $65.20 per share, for a total transaction of $260,800.00. The disclosure for this purchase can be found here. Insiders own 19.40% of the company’s stock.
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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