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NASDAQ:MATW

Matthews International (MATW) Stock Price, News & Analysis

$28.29
-0.04 (-0.14%)
(As of 05/23/2024 ET)
Today's Range
$27.66
$28.73
50-Day Range
$25.72
$31.08
52-Week Range
$25.42
$48.86
Volume
156,619 shs
Average Volume
119,595 shs
Market Capitalization
$868.79 million
P/E Ratio
26.69
Dividend Yield
3.39%
Price Target
$59.00

Matthews International MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
108.6% Upside
$59.00 Price Target
Short Interest
Bearish
2.15% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.05mentions of Matthews International in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.60%
From $2.53 to $2.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.12 out of 5 stars

Consumer Staples Sector

39th out of 132 stocks

Nonferrous Foundries (Castings) Industry

1st out of 1 stocks

MATW stock logo

About Matthews International Stock (NASDAQ:MATW)

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. The Industrial Technologies segment designs, manufactures, services, and distributes high-tech custom energy storage solutions, and product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products. This segment also provides engineered calendaring, laminating, and coating equipment; stand-alone marking products; laser and ink-jet printing systems; and spare parts, calendar, and coating-roller refurbishing and retrofits. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The company was founded in 1850 and is based in Pittsburgh, Pennsylvania.

MATW Stock Price History

MATW Stock News Headlines

Q2 2024 Matthews International Corp Earnings Call
Matthews International Declares Quarterly Dividend
Matthews International Corporation (MATW)
U.S. asset manager Matthews shuts Shanghai office
Matthews International Corp. Cl A
Matthews International: Industrial Turnaround And Margins
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 5/20 Dividend
5/03/2024
Dividend Payable
5/20/2024
Today
5/23/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Nonferrous foundries (castings)
Sub-Industry
Specialized Consumer Services
Current Symbol
NASDAQ:MATW
CUSIP
57712810
Employees
12,000
Year Founded
1850

Price Target and Rating

Average Stock Price Target
$59.00
High Stock Price Target
$59.00
Low Stock Price Target
$59.00
Potential Upside/Downside
+108.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$39.29 million
Pretax Margin
1.51%

Debt

Sales & Book Value

Annual Sales
$1.88 billion
Cash Flow
$6.04 per share
Book Value
$16.59 per share

Miscellaneous

Free Float
29,451,000
Market Cap
$868.79 million
Optionable
Optionable
Beta
1.14

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Key Executives

  • Mr. Joseph C. Bartolacci (Age 64)
    CEO, President & Director
    Comp: $2.24M
  • Mr. Steven F. Nicola (Age 64)
    CFO & Corporate Secretary
    Comp: $1.19M
  • Mr. Brian D. Walters Esq. (Age 55)
    Executive VP & General Counsel
    Comp: $773.29k
  • Mr. Steven D. Gackenbach (Age 61)
    Executive VP & Group President of Memorialization
    Comp: $1.02M
  • Mr. Gary R. Kohl (Age 60)
    Executive VP & President of SGK Brand Solutions
    Comp: $735.24k
  • Mr. Ronald C. Awenowicz (Age 55)
    Senior Vice President of Global Compliance, Operations & N.A. Human Resources
  • Mr. Gregory S. Babe (Age 66)
    CTO, Group President of Industrial Technologies Segment & Director
    Comp: $786.05k
  • Mr. Davor Brkovich (Age 56)
    Head of IT & Chief Information Officer
  • Mr. William D. Wilson
    Senior Director of Corporate Development & Investor Relations
  • Ms. Reena Gurtner (Age 50)
    Senior Vice President of Human Resources

MATW Stock Analysis - Frequently Asked Questions

Should I buy or sell Matthews International stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matthews International in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MATW shares.
View MATW analyst ratings
or view top-rated stocks.

What is Matthews International's stock price target for 2024?

1 Wall Street analysts have issued 1-year target prices for Matthews International's shares. Their MATW share price targets range from $59.00 to $59.00. On average, they anticipate the company's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 108.6% from the stock's current price.
View analysts price targets for MATW
or view top-rated stocks among Wall Street analysts.

How have MATW shares performed in 2024?

Matthews International's stock was trading at $36.65 at the beginning of 2024. Since then, MATW stock has decreased by 22.8% and is now trading at $28.29.
View the best growth stocks for 2024 here
.

When is Matthews International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our MATW earnings forecast
.

How were Matthews International's earnings last quarter?

Matthews International Co. (NASDAQ:MATW) issued its earnings results on Thursday, May, 2nd. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.24. The business earned $471.22 million during the quarter, compared to the consensus estimate of $469.38 million. Matthews International had a trailing twelve-month return on equity of 16.75% and a net margin of 1.77%.

How often does Matthews International pay dividends? What is the dividend yield for Matthews International?

Matthews International declared a quarterly dividend on Wednesday, April 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.24 per share on Monday, May 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, May 3rd.
Read our dividend analysis for MATW
.

Is Matthews International a good dividend stock?

Matthews International (NASDAQ:MATW) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.35%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MATW will have a dividend payout ratio of 32.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATW.

What ETFs hold Matthews International's stock?

ETFs with the largest weight of Matthews International (NASDAQ:MATW) stock in their portfolio include Gabelli Automation ETF (GAST).Gabelli Love Our Planet & People ETF (LOPP).

What is Joseph C. Bartolacci's approval rating as Matthews International's CEO?

59 employees have rated Matthews International Chief Executive Officer Joseph C. Bartolacci on Glassdoor.com. Joseph C. Bartolacci has an approval rating of 51% among the company's employees. This puts Joseph C. Bartolacci in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Matthews International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Matthews International investors own include Johnson & Johnson (JNJ), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Abbott Laboratories (ABT), Gilead Sciences (GILD), Medtronic (MDT), Marathon Petroleum (MPC), Realty Income (O) and PepsiCo (PEP).

Who are Matthews International's major shareholders?

Matthews International's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.80%), Gamco Investors INC. ET AL (3.49%), Allspring Global Investments Holdings LLC (1.91%), Allspring Global Investments Holdings LLC (1.91%), ProShare Advisors LLC (0.87%) and Sei Investments Co. (0.77%). Insiders that own company stock include Aleta W Richards, Joseph C Bartolacci and Ronald C Awenowicz.
View institutional ownership trends
.

How do I buy shares of Matthews International?

Shares of MATW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MATW) was last updated on 5/24/2024 by MarketBeat.com Staff

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