B. Riley Expects Reduced Earnings for Matthews International

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) - Stock analysts at B. Riley decreased their FY2025 earnings estimates for Matthews International in a report released on Thursday, August 7th. B. Riley analyst L. Burke now forecasts that the company will earn $1.03 per share for the year, down from their prior estimate of $1.22. The consensus estimate for Matthews International's current full-year earnings is $1.73 per share.

Matthews International (NASDAQ:MATW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.05). The company had revenue of $349.40 million for 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%.

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

Matthews International Price Performance

Shares of NASDAQ MATW traded up $0.68 during mid-day trading on Friday, reaching $24.07. The company's stock had a trading volume of 109,763 shares, compared to its average volume of 242,328. The stock has a 50-day moving average of $23.65 and a two-hundred day moving average of $22.98. The stock has a market capitalization of $740.96 million, a P/E ratio of -11.35 and a beta of 1.24. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 1.66. Matthews International has a 1-year low of $18.50 and a 1-year high of $32.24.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in Matthews International by 551.8% during the fourth quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock worth $25,000 after buying an additional 767 shares during the period. Sterling Capital Management LLC boosted its stake in Matthews International by 797.2% during the fourth quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock worth $26,000 after buying an additional 845 shares during the period. GAMMA Investing LLC boosted its stake in Matthews International by 55.1% during the second quarter. GAMMA Investing LLC now owns 1,687 shares of the company's stock worth $40,000 after buying an additional 599 shares during the period. Allworth Financial LP boosted its stake in Matthews International by 4,173.1% during the second quarter. Allworth Financial LP now owns 4,615 shares of the company's stock worth $110,000 after buying an additional 4,507 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in Matthews International during the first quarter worth about $149,000. Hedge funds and other institutional investors own 83.08% of the company's stock.

Matthews International Announces Dividend

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

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.