B. Riley Has Bearish Forecast for MATW FY2025 Earnings

Key Points

• B. Riley has reduced their FY2025 earnings per share (EPS) forecast for Matthews International Corporation (NASDAQ: MATW) from $1.22 to $1.03, significantly lower than the consensus estimate of $1.73 per share.
• Matthews International reported a quarterly EPS of $0.28, which fell short of analysts' expectations, alongside revenues of $349.40 million that exceeded estimates.
• The company announced a dividend of $0.25, set to be paid on August 25th, with an annualized dividend yield of 4.3%.

Matthews International Corporation (NASDAQ:MATW - Free Report) - Research analysts at B. Riley lowered their FY2025 EPS estimates for Matthews International in a research report issued to clients and investors on Thursday, August 7th. B. Riley analyst L. Burke now forecasts that the company will post earnings per share of $1.03 for the year, down from their previous estimate of $1.22. The consensus estimate for Matthews International's current full-year earnings is $1.73 per share.

Separately, Wall Street Zen upgraded shares of Matthews International from a "sell" rating to a "hold" rating in a report on Saturday.

Matthews International Trading Down 0.6%

MATW traded down $0.15 during mid-day trading on Friday, hitting $23.58. The stock had a trading volume of 241,721 shares, compared to its average volume of 203,033. The stock's fifty day simple moving average is $23.61 and its 200-day simple moving average is $23.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.66 and a quick ratio of 1.09. The firm has a market capitalization of $726.03 million, a price-to-earnings ratio of -11.12 and a beta of 1.24. Matthews International has a 1-year low of $18.50 and a 1-year high of $32.24.

Matthews International (NASDAQ:MATW - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $349.40 million during the quarter, compared to analyst estimates of $321.95 million. Matthews International had a positive return on equity of 9.15% and a negative net margin of 4.01%.

Institutional Investors Weigh In On Matthews International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gabelli Funds LLC raised its holdings in shares of Matthews International by 2.1% during the fourth quarter. Gabelli Funds LLC now owns 148,911 shares of the company's stock worth $4,122,000 after acquiring an additional 3,113 shares during the period. Bank of America Corp DE grew its position in Matthews International by 21.2% in the fourth quarter. Bank of America Corp DE now owns 119,025 shares of the company's stock valued at $3,295,000 after purchasing an additional 20,809 shares in the last quarter. Palisade Capital Management LP grew its position in Matthews International by 12.0% in the first quarter. Palisade Capital Management LP now owns 654,062 shares of the company's stock valued at $14,546,000 after purchasing an additional 70,078 shares in the last quarter. GAMMA Investing LLC grew its position in Matthews International by 3,527.7% in the first quarter. GAMMA Investing LLC now owns 24,197 shares of the company's stock valued at $538,000 after purchasing an additional 23,530 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Matthews International by 30.4% in the first quarter. Wedge Capital Management L L P NC now owns 56,968 shares of the company's stock valued at $1,267,000 after purchasing an additional 13,269 shares in the last quarter. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Matthews International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, August 11th. Matthews International's dividend payout ratio (DPR) is presently -47.17%.

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.