Matthews International Stock Price, News & Analysis (NASDAQ:MATW)

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matthews International in the last year. 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.

1 analysts have issued 1-year target prices for Matthews International's stock. Their MATW share price targets range from $64.00 to $64.00. On average, they predict the company's stock price to reach $64.00 in the next year. This suggests a possible upside of 83.5% from the stock's current price.
View analysts price targets for MATW or view top-rated stocks among Wall Street analysts.

Matthews International's stock was trading at $30.44 on January 1st, 2023. Since then, MATW stock has increased by 14.6% and is now trading at $34.87.
View the best growth stocks for 2023 here.

Matthews International saw a increase in short interest in November. As of November 15th, there was short interest totaling 672,000 shares, an increase of 24.2% from the October 31st total of 541,200 shares. Based on an average daily volume of 127,700 shares, the short-interest ratio is presently 5.3 days. Currently, 2.3% of the shares of the company are short sold.
View Matthews International's Short Interest.

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

Matthews International Co. (NASDAQ:MATW) posted its earnings results on Thursday, November, 18th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.05. The firm had revenue of $438.84 million for the quarter, compared to the consensus estimate of $386.10 million. Matthews International had a trailing twelve-month return on equity of 17.45% and a net margin of 2.09%. During the same period in the previous year, the business posted $1.11 EPS.

Matthews International announced a quarterly dividend on Wednesday, November 15th. Investors of record on Monday, November 27th will be given a dividend of $0.24 per share on Monday, December 11th. This represents a $0.96 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, November 24th. This is a boost from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for MATW.

Matthews International (NASDAQ:MATW) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.75%. 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 76.80%. 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 29.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATW.

ETFs with the largest weight of Matthews International (NASDAQ:MATW) stock in their portfolio include Gabelli Automation ETF (GAST), ProShares Russell 2000 Dividend Growers ETF (SMDV), Inspire Fidelis Multi Factor ETF (FDLS), iShares US Small Cap Value Factor ETF (SVAL) and Invesco Nasdaq Future Gen 200 ETF (QQQS).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

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.

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).

Matthews International's stock is owned by a variety of retail and institutional investors. Top institutional investors include Phoenix Holdings Ltd. (5.38%), Gamco Investors INC. ET AL (3.48%), Ameriprise Financial Inc. (3.13%), Charles Schwab Investment Management Inc. (1.44%), Bank of New York Mellon Corp (1.28%) and Allspring Global Investments Holdings LLC (1.00%). Insiders that own company stock include Aleta W Richards, Brian J Dunn, David A Schawk, Joseph C Bartolacci, Ronald C Awenowicz and Steven F Nicola.
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Shares of MATW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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