NASDAQ:MATW - Matthews International Stock Price, Forecast & News

Matthews International trades on the NASDAQ under the ticker symbol "MATW."

Matthews International declared a quarterly dividend on Thursday, January 23rd. Investors of record on Monday, February 3rd will be given a dividend of $0.21 per share on Monday, February 17th. This represents a $0.84 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Matthews International's previous quarterly dividend of $0.13. View Matthews International's Dividend History.

Matthews International Corp (NASDAQ:MATW) released its quarterly earnings results on Thursday, January, 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company earned $365 million during the quarter, compared to analysts' expectations of $357.52 million. Matthews International had a negative net margin of 3.37% and a positive return on equity of 13.16%. The firm's revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. View Matthews International's Earnings History.

Matthews International is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Matthews International.

Matthews International updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $3.26-3.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.43.

1 analysts have issued 1 year target prices for Matthews International's stock. Their forecasts range from $65.00 to $65.00. On average, they expect Matthews International's stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 90.6% from the stock's current price. View Analyst Price Targets for Matthews International.

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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Matthews International.

News coverage about MATW stock has been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Matthews International earned a news impact score of -1.8 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Matthews International.

Matthews International saw a decrease in short interest in January. As of January 15th, there was short interest totalling 1,870,000 shares, a decrease of 7.9% from the December 31st total of 2,030,000 shares. Based on an average daily trading volume, of 119,200 shares, the days-to-cover ratio is presently 15.7 days. Currently, 6.2% of the company's shares are short sold. View Matthews International's Current Options Chain.

Some companies that are related to Matthews International include H & R Block (HRB), Sothebys (BID), Weight Watchers International (WW), Hillenbrand (HI), Regis (RGS), Carriage Services (CSV), Capstar Financial (CSTR), Collectors Universe (CLCT) and Ascent Capital Group Inc Series A (ASCMA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Matthews International investors own include Verizon Communications (VZ), PepsiCo (PEP), Walgreens Boots Alliance (WBA), Harley-Davidson (HOG), Mcdonald's (MCD), 3M (MMM), Marathon Petroleum (MPC), AT&T (T), Exxon Mobil (XOM) and Automatic Data Processing (ADP).

Matthews International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (9.31%), Clarkston Capital Partners LLC (5.09%), State Street Corp (3.06%), Bank of New York Mellon Corp (1.41%), Geode Capital Management LLC (1.36%) and ProShare Advisors LLC (1.05%). Company insiders that own Matthews International stock include Brian J Dunn, David A Schawk and Tunon Alvaro Garcia. View Institutional Ownership Trends for Matthews International.

MATW stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Rutabaga Capital Management LLC MA, Ceredex Value Advisors LLC, ProShare Advisors LLC, Franklin Resources Inc., Raymond James & Associates, Pinebridge Investments L.P. and Arizona State Retirement System. View Insider Buying and Selling for Matthews International.

MATW stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Great West Life Assurance Co. Can, State Street Corp, UBS Group AG, Clarkston Capital Partners LLC, LSV Asset Management, Foundry Partners LLC and Seizert Capital Partners LLC. Company insiders that have bought Matthews International stock in the last two years include David A Schawk and Tunon Alvaro Garcia. View Insider Buying and Selling for Matthews International.

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

One share of MATW stock can currently be purchased for approximately $34.11.

Matthews International has a market capitalization of $1.07 billion and generates $1.54 billion in revenue each year. The company earns $-37,990,000.00 in net income (profit) each year or $3.31 on an earnings per share basis. Matthews International employs 11,000 workers across the globe.View Additional Information About Matthews International.

The official website for Matthews International is http://www.matw.com/.

Matthews International's mailing address is TWO NORTHSHORE CENTER, PITTSBURGH PA, 15212. The company can be reached via phone at 412-442-8200 or via email at [email protected]