Matthews International - MATW Stock Forecast, Price & News

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.
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1 brokerages have issued 12-month price targets 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 twelve months. This suggests a possible upside of 45.5% from the stock's current price.
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Matthews International's stock was trading at $36.67 at the start of the year. Since then, MATW stock has decreased by 15.7% and is now trading at $30.93.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our MATW earnings forecast.

Matthews International Co. (NASDAQ:MATW) issued its quarterly earnings results on Thursday, November, 17th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.75 by $0.07. The company earned $457.13 million during the quarter, compared to the consensus estimate of $415.53 million. Matthews International had a negative net margin of 5.66% and a positive trailing twelve-month return on equity of 15.37%.

Matthews International declared a quarterly dividend on Wednesday, November 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.97%. 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.

Matthews International (NASDAQ:MATW) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.96%.
Read our dividend analysis for MATW.

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

Matthews International's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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.
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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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One share of MATW stock can currently be purchased for approximately $30.93.

Matthews International (NASDAQ:MATW) has a market capitalization of $937.12 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.

The company employs 12,000 workers across the globe.

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.