Multi-Color (NASDAQ:LABL) Getting Somewhat Positive Press Coverage, Report Finds

Media headlines about Multi-Color (NASDAQ:LABL) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Multi-Color earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.3688856278721 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s rankings:

Multi-Color stock traded down $0.05 during midday trading on Monday, hitting $66.00. 84,061 shares of the company’s stock were exchanged, compared to its average volume of 122,375. Multi-Color has a 52-week low of $61.90 and a 52-week high of $89.70. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 2.21. The stock has a market cap of $1,350.25, a price-to-earnings ratio of 18.30 and a beta of 0.87.

Multi-Color (NASDAQ:LABL) last posted its quarterly earnings data 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). The firm had revenue of $352.70 million during the quarter, compared to analysts’ expectations of $346.37 million. Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. Multi-Color’s revenue for the quarter was up 67.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. research analysts anticipate that Multi-Color will post 3.71 earnings per share for the current year.

A number of equities research analysts have weighed in on LABL shares. Zacks Investment Research upgraded Multi-Color from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, January 19th. Hilliard Lyons raised Multi-Color from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Sidoti raised Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Monday, March 5th. TheStreet cut Multi-Color from a “b-” rating to a “c+” rating in a research report on Monday, March 5th. Finally, BidaskClub upgraded Multi-Color from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Multi-Color has a consensus rating of “Hold” and a consensus price target of $77.40.

In related news, Director Ari J. Benacerraf purchased 4,000 shares of the business’s stock in a transaction that occurred 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Oliver Apel purchased 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average price of $66.68 per share, for a total transaction of $73,348.00. Following the purchase, the chief operating officer now directly owns 1,100 shares in the company, valued at $73,348. The disclosure for this purchase can be found here. 19.40% of the stock is currently owned by corporate insiders.

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About Multi-Color

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.

Insider Buying and Selling by Quarter for Multi-Color (NASDAQ:LABL)

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