Zacks: Brokerages Anticipate Multi-Color Co. (LABL) Will Announce Quarterly Sales of $343.65 Million

Analysts expect Multi-Color Co. (NASDAQ:LABL) to report $343.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Multi-Color’s earnings, with the lowest sales estimate coming in at $342.30 million and the highest estimate coming in at $345.00 million. Multi-Color reported sales of $210.66 million during the same quarter last year, which indicates a positive year over year growth rate of 63.1%. The firm is scheduled to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Multi-Color will report full-year sales of $343.65 million for the current fiscal year. For the next financial year, analysts anticipate that the firm will report sales of $1.71 billion per share, with estimates ranging from $1.70 billion to $1.71 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Multi-Color.

Multi-Color (NASDAQ:LABL) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.05). Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The business had revenue of $256.03 million during the quarter, compared to analyst estimates of $246.61 million. During the same period last year, the business earned $0.99 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year.

A number of brokerages have recently commented on LABL. Zacks Investment Research lowered Multi-Color from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird reissued a “hold” rating and set a $85.00 price target on shares of Multi-Color in a research note on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and set a $88.00 price target on shares of Multi-Color in a research note on Wednesday, October 25th. BidaskClub raised Multi-Color from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Hilliard Lyons raised Multi-Color from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.25.

Shares of Multi-Color (LABL) opened at $84.05 on Monday. Multi-Color has a 12 month low of $63.05 and a 12 month high of $89.70. The company has a market capitalization of $1,720.00, a PE ratio of 24.72 and a beta of 0.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96.

In related news, CEO Michael Julian Henry acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $71.03 per share, with a total value of $71,030.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert R. Buck sold 9,530 shares of Multi-Color stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total value of $686,731.80. Following the completion of the transaction, the director now directly owns 17,441 shares in the company, valued at $1,256,798.46. The disclosure for this sale can be found here. 19.40% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of LABL. Pictet Asset Management Ltd. lifted its stake in shares of Multi-Color by 48.3% in the third quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock worth $13,944,000 after acquiring an additional 55,428 shares during the period. Vanguard Group Inc. lifted its stake in shares of Multi-Color by 3.7% in the second quarter. Vanguard Group Inc. now owns 715,059 shares of the business services provider’s stock worth $58,348,000 after acquiring an additional 25,470 shares during the period. Stifel Financial Corp lifted its stake in shares of Multi-Color by 15.6% in the second quarter. Stifel Financial Corp now owns 145,693 shares of the business services provider’s stock worth $11,915,000 after acquiring an additional 19,686 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Multi-Color by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 29,875 shares of the business services provider’s stock worth $2,447,000 after acquiring an additional 15,903 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Multi-Color by 144.1% in the third quarter. First Trust Advisors LP now owns 25,604 shares of the business services provider’s stock worth $2,098,000 after acquiring an additional 15,116 shares during the period. 63.47% of the stock is currently owned by institutional investors.

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Multi-Color Company Profile

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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