Matthews International (NASDAQ:MATW) Releases Earnings Results

Matthews International (NASDAQ:MATW) released its quarterly earnings data on Thursday. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.12), Zacks reports. Matthews International had a negative net margin of 3.32% and a positive return on equity of 13.69%.

Matthews International Price Performance

Shares of NASDAQ:MATW traded up $2.73 during trading on Thursday, reaching $29.47. 728,997 shares of the company’s stock traded hands, compared to its average volume of 232,100. Matthews International has a fifty-two week low of $21.09 and a fifty-two week high of $32.24. The company has a quick ratio of 0.91, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The firm has a market cap of $912.69 million, a PE ratio of -15.27 and a beta of 1.14. The company has a 50-day simple moving average of $29.17 and a 200-day simple moving average of $26.18.

Matthews International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Monday, February 10th. Matthews International’s dividend payout ratio (DPR) is presently -51.81%.

About Matthews International

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.