NASDAQ:MATW

Matthews International - MATW Stock Forecast, Price & News

$31.79

-0.18 (-0.56%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $31.41
▼
$31.96
50-Day Range: $22.23
▼
$32.14
52-Week Range: $22.12
▼
$37.97

Volume: 115,171 shs
Average Volume: 121,740 shs
Market Capitalization: $963.17 million

P/E Ratio: N/A
Dividend Yield: 2.88%
Price Target: $45.00

Matthews International MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 41.6% Upside
$45.00 Price Target
Short Interest: Healthy
2.48% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$301,700 Sold Last Quarter
Proj. Earnings Growth: 12.83%
From $3.04 to $3.43 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Consumer Staples Sector

8th out of 143 stocks

Nonferrous Foundries (Castings) Industry

1st out of 2 stocks

3.5

Analyst's Opinion

Consensus Rating
Matthews International has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.00, Matthews International has a forecasted upside of 41.6% from its current price of $31.79.
Amount of Analyst Coverage
Matthews International has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.48% of the float of Matthews International has been sold short.
Short Interest Ratio / Days to Cover
Matthews International has a short interest ratio ("days to cover") of 5.5.
Change versus previous month
Short interest in Matthews International has recently decreased by 5.44%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
Matthews International pays a meaningful dividend of 2.88%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Matthews International has been increasing its dividend for 26 years.
Dividend Sustainability
Based on earnings estimates, Matthews International will have a dividend payout ratio of 26.82% next year. This indicates that Matthews International will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MATW.

2.7

News and Social Media Coverage

News Sentiment
Matthews International has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Matthews International this week, compared to 1 article on an average week.
Search Interest
2 people have searched for MATW on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Matthews International to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Matthews International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $301,700.00 in company stock.
Percentage Held by Insiders
Only 3.20% of the stock of Matthews International is held by insiders.
Percentage Held by Institutions
81.65% of the stock of Matthews International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Matthews International are expected to grow by 12.83% in the coming year, from $3.04 to $3.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matthews International is -9.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Matthews International is -9.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Matthews International has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Matthews International (NASDAQ:MATW) Stock

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as caskets, and cremation and incineration equipment for the cemetery and funeral home industries. The Industrial Technologies segment provides marking and coding equipment and consumables, industrial automation products, and order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products for the warehousing and industrial industries. Matthews International Corporation was founded in 1850 and is based in Pittsburgh, Pennsylvania.

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MATW Stock News Headlines

December 2, 2022 | americanbankingnews.com

Matthews International (NASDAQ:MATW) Trading Down 3.5%

November 24, 2022 | americanbankingnews.com

Joseph C. Bartolacci Sells 10,000 Shares of Matthews International Co. (NASDAQ:MATW) Stock

November 23, 2022 | finance.yahoo.com

Matthews International Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

November 23, 2022 | americanbankingnews.com

Matthews International Co. (NASDAQ:MATW) Announces Quarterly Dividend of $0.23

November 22, 2022 | seekingalpha.com

Matthews International Bursts On Headway In Industrial Tech

November 20, 2022 | finance.yahoo.com

Matthews International (NASDAQ:MATW) Is Increasing Its Dividend To $0.23

November 18, 2022 | forbes.com

Update: MATW and NGVC, November 18

November 18, 2022 | finance.yahoo.com

Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2022

November 14, 2022 | finance.yahoo.com

Investors Could Be Concerned With Matthews International's (NASDAQ:MATW) Returns On Capital

November 10, 2022 | msn.com

Jake Matthews' Busy Day Includes 3 Flights, Birth Of First Child and Thursday Night Football

November 4, 2022 | msn.com

Matthews official concerned taxpayer money was spent improperly to promote referendum

October 31, 2022 | msn.com

Auston Matthews Scores Goal In Overtime Loss

October 14, 2022 | finance.yahoo.com

The past five years for Matthews International (NASDAQ:MATW) investors has not been profitable

October 10, 2022 | msn.com

Is Matthews Asia Innovators Investor (MATFX) a Strong Mutual Fund Pick Right Now?

October 7, 2022 | msn.com

Mountaineer memories led Emmitt Matthews back to WVU

September 21, 2022 | msn.com

Matthews 'loves' Toronto, but new deal a long way off

September 21, 2022 | finance.yahoo.com

Matthews International Corporation's (NASDAQ:MATW) Intrinsic Value Is Potentially 71% Above Its Share Price

September 14, 2022 | msn.com

Orlando’s XFL team adds Shane Matthews, Lamar Thomas as assistant coaches

September 9, 2022 | msn.com

Dave Matthews Band coming to Target Center in November

September 8, 2022 | msn.com

St. Matthews will annex this subdivision after Louisville Metro Council vote. Here's why

September 8, 2022 | msn.com

Dave Matthews Band to launch fall tour in November

August 31, 2022 | nasdaq.com

Are Investors Undervaluing Matthews International Corporation (NASDAQ:MATW) By 38%?

August 29, 2022 | seekingalpha.com

Matthews International: Perennial Dividend Raiser To Benefit From EV And E-Commerce Growth

August 25, 2022 | seekingalpha.com

Matthews International (MATW) Investor Presentation - Slideshow

August 17, 2022 | finance.yahoo.com

Matthews Boosts Engineering Capabilities For Energy Via New Acquisitions

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30 days | 90 days | 365 days | Advanced Chart

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MATW Company Calendar

Last Earnings: 11/18/2021
Ex-Dividend for 12/12 Dividend: 11/25/2022
Today: 12/02/2022
Dividend Payable: 12/12/2022
Next Earnings (Estimated): 1/26/2023
Fiscal Year End: 9/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nonferrous foundries (castings)
Sub-Industry: Specialized Consumer Services
Sector: Consumer Staples
Current Symbol: NASDAQ:MATW
CUSIP: 57712810
CIK: 63296
Web: www.matw.com
Phone: (412) 442-8200
Fax: 412-442-8290
Employees: 12,000
Year Founded: 1850

Price Target and Rating

Average Stock Price Forecast: $45.00
High Stock Price Forecast: $45.00
Low Stock Price Forecast: $45.00
Forecasted Upside/Downside: +41.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.22)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 10.46
P/E Growth: N/A
Net Income: $-99,770,000.00
Net Margins: -5.66%
Pretax Margin: -5.91%
Return on Equity: 15.37%
Return on Assets: 4.64%

Debt

Debt-to-Equity Ratio: 1.63
Current Ratio: 1.53
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $1.76 billion
Price / Sales: 0.55
Cash Flow: $6.38 per share
Price / Cash Flow: 4.98
Book Value: $16.08 per share
Price / Book: 1.98

Miscellaneous

Outstanding Shares: 30,298,000
Free Float: 29,328,000
Market Cap: $963.17 million
Optionable: Optionable
Beta: 1.13

Social Links

Key Executives

Mr. Joseph C. Bartolacci (Age 62)
CEO, Pres & Director
Comp: $2.89M

Mr. Steven F. Nicola (Age 62)
CFO & Corp. Sec.
Comp: $1.37M

Mr. Brian J. Dunn (Age 65)
Exec. VP of Strategy & Corp. Devel.
Comp: $792.2k

Mr. Steven D. Gackenbach (Age 59)
Exec. VP & Group Pres of Memorialization
Comp: $959.99k

Mr. Gary R. Kohl (Age 58)
Exec. VP & Pres of SGK Brand Solutions
Comp: $765k

Mr. Gregory S. Babe (Age 64)
CTO & Director

Mr. Davor Brkovich
Chief Information Officer

Mr. William D. Wilson
Sr. Director of Corp. Devel. & Investor Relations

Mr. Brian D. Walters Esq. (Age 53)
Exec. VP & Gen. Counsel

Mr. Ronald C. Awenowicz
Sr. VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MATW Stock - 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 forecast for 2023?: 1 brokers have issued twelve-month price objectives for Matthews International's shares. Their MATW share price forecasts range from $45.00 to $45.00. On average, they anticipate the company's share price to reach $45.00 in the next year. This suggests a possible upside of 41.6% 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 2022?: Matthews International's stock was trading at $36.67 at the start of the year. Since then, MATW shares have decreased by 13.3% and is now trading at $31.79.
View the best growth stocks for 2022 here.
When is Matthews International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our MATW earnings forecast.
How were Matthews International's earnings last quarter?: Matthews International Co. (NASDAQ:MATW) announced 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 business had revenue of $438.84 million for the quarter, compared to analysts' expectations of $386.10 million. Matthews International had a positive trailing twelve-month return on equity of 15.37% and a negative net margin of 5.66%. During the same quarter in the prior year, the firm posted $1.11 EPS.
How often does Matthews International pay dividends? What is the dividend yield for Matthews International?: Matthews International announced a quarterly dividend on Wednesday, November 16th. Investors of record on Monday, November 28th will be paid a dividend of $0.23 per share on Monday, December 12th. This represents a $0.92 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, November 25th. This is a boost from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for MATW.
Is Matthews International a good dividend stock?: Matthews International (NASDAQ:MATW) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.88%.
Read our dividend analysis for MATW.

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).
What is Matthews International's stock symbol?: Matthews International trades on the NASDAQ under the ticker symbol "MATW."
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 BlackRock Inc. (16.23%), Vanguard Group Inc. (11.34%), Phoenix Holdings Ltd. (5.91%), Dimensional Fund Advisors LP (5.00%), Gamco Investors INC. ET AL (3.71%) and Gamco Investors INC. ET AL (3.71%). Insiders that own company stock include Brian J Dunn, David A Schawk, Edward M Brady Jr, Joseph C Bartolacci, Ronald C Awenowicz, Steven F Nicola and Tunon Alvaro Garcia.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Matthews International's stock price today?: One share of MATW stock can currently be purchased for approximately $31.79.
How much money does Matthews International make?: Matthews International (NASDAQ:MATW) has a market capitalization of $963.17 million and generates $1.76 billion in revenue each year. The company earns $-99,770,000.00 in net income (profit) each year or ($3.22) on an earnings per share basis.
How many employees does Matthews International have?: The company employs 12,000 workers across the globe.
How can I contact Matthews International?: Matthews International's mailing address is TWO NORTHSHORE CENTER, PITTSBURGH PA, 15212. The official website for the company is www.matw.com. The company can be reached via phone at (412) 442-8200, via email at nicola@matthewsintl.com, or via fax at 412-442-8290.

This page (NASDAQ:MATW) was last updated on 12/3/2022 by MarketBeat.com Staff

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