Matthews International - MATW Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matthews International in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MATW shares.
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2 analysts have issued 12 month price targets for Matthews International's shares. Their MATW share price forecasts range from $45.00 to $60.00. On average, they expect the company's stock price to reach $52.50 in the next twelve months. This suggests a possible upside of 92.1% from the stock's current price.
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Matthews International's stock was trading at $36.67 at the beginning of 2022. Since then, MATW stock has decreased by 25.5% and is now trading at $27.33.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
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Matthews International Co. (NASDAQ:MATW) released its earnings results on Thursday, November, 18th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. The business earned $438.84 million during the quarter, compared to the consensus estimate of $386.10 million. Matthews International had a positive trailing twelve-month return on equity of 14.39% and a negative net margin of 1.29%. During the same quarter in the previous year, the company posted $1.11 EPS.

Matthews International declared a quarterly dividend on Friday, July 29th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.22 per share on Monday, August 22nd. This represents a $0.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, August 5th. This is a positive change from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for MATW.

Matthews International (NASDAQ:MATW) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.24%.
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 variety of retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (3.72%), State Street Corp (3.70%), Aristotle Capital Boston LLC (3.66%), Northern Trust Corp (1.18%), Allspring Global Investments Holdings LLC (0.90%) and ProShare Advisors LLC (0.89%). 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 $27.33.

Matthews International (NASDAQ:MATW) has a market capitalization of $836.57 million and generates $1.67 billion in revenue each year. The company earns $2.91 million in net income (profit) each year or ($0.71) on an earnings per share basis.

The company employs 11,000 workers across the globe.

Matthews International was founded in 1850.

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.