FY2025 Earnings Estimate for Matthews International Co. Issued By B. Riley (NASDAQ:MATW)

Matthews International Co. (NASDAQ:MATW - Free Report) - Stock analysts at B. Riley upped their FY2025 EPS estimates for shares of Matthews International in a research note issued on Monday, May 6th. B. Riley analyst L. Burke now expects that the company will earn $2.95 per share for the year, up from their previous forecast of $2.78. B. Riley has a "Buy" rating and a $59.00 price target on the stock. The consensus estimate for Matthews International's current full-year earnings is $2.60 per share.

Separately, StockNews.com lowered Matthews International from a "buy" rating to a "hold" rating in a research note on Friday, February 9th.

Matthews International Trading Down 0.1 %

Shares of NASDAQ:MATW traded down $0.02 during trading on Wednesday, hitting $28.69. 117,872 shares of the company's stock were exchanged, compared to its average volume of 153,019. The firm has a 50-day moving average price of $28.32 and a two-hundred day moving average price of $32.09. The company has a current ratio of 1.82, a quick ratio of 1.12 and a debt-to-equity ratio of 1.64. The firm has a market cap of $880.27 million, a P/E ratio of 27.07 and a beta of 1.14. Matthews International has a 1-year low of $25.42 and a 1-year high of $48.86.

Matthews International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be issued a $0.24 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.96 annualized dividend and a dividend yield of 3.35%. Matthews International's dividend payout ratio (DPR) is currently 90.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC lifted its position in Matthews International by 20.2% in the 1st quarter. ProShare Advisors LLC now owns 266,146 shares of the company's stock valued at $8,272,000 after acquiring an additional 44,798 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Matthews International by 12.3% during the first quarter. Inspire Investing LLC now owns 12,992 shares of the company's stock worth $404,000 after buying an additional 1,428 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Matthews International by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,853 shares of the company's stock valued at $835,000 after acquiring an additional 533 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Matthews International by 18.7% during the 1st quarter. BNP Paribas Financial Markets now owns 14,873 shares of the company's stock worth $462,000 after acquiring an additional 2,344 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Matthews International by 25.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 587,477 shares of the company's stock worth $18,259,000 after acquiring an additional 117,461 shares in the last quarter. Institutional investors own 83.08% of the company's stock.

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.