Matthews International (NASDAQ:MATW) Issues Earnings Results

Matthews International (NASDAQ:MATW) announced its quarterly earnings results on Thursday. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02), Zacks reports. Matthews International had a net margin of 1.43% and a return on equity of 15.70%. The company had revenue of $427.83 million for the quarter, compared to the consensus estimate of $450.03 million. During the same quarter in the prior year, the company earned $0.74 earnings per share.

Matthews International Price Performance

NASDAQ:MATW traded down $1.40 during trading hours on Friday, hitting $26.65. The stock had a trading volume of 165,745 shares, compared to its average volume of 154,106. The company has a 50 day simple moving average of $26.48 and a two-hundred day simple moving average of $28.26. The firm has a market capitalization of $818.42 million, a price-to-earnings ratio of 25.14 and a beta of 1.11. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.82 and a quick ratio of 1.12. Matthews International has a one year low of $23.30 and a one year high of $46.38.

Matthews International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.60%. The ex-dividend date is Monday, August 5th. Matthews International’s dividend payout ratio is presently 90.57%.

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.