Matthews International (NASDAQ:MATW) Issues Earnings Results

Matthews International (NASDAQ:MATW) issued its earnings results on Thursday. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.12), Zacks reports. Matthews International had a positive return on equity of 12.42% and a negative net margin of 3.48%.

Matthews International Stock Down 9.9 %

Shares of NASDAQ MATW traded down $2.92 during midday trading on Friday, reaching $26.55. 768,023 shares of the company’s stock traded hands, compared to its average volume of 227,198. The company has a quick ratio of 0.91, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The company has a market cap of $822.25 million, a price-to-earnings ratio of -13.48 and a beta of 1.14. The stock’s 50 day simple moving average is $29.17 and its 200-day simple moving average is $26.18. Matthews International has a one year low of $21.09 and a one year high of $32.24.

Matthews International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Monday, February 10th. Matthews International’s dividend payout ratio (DPR) is presently -50.76%.

Matthews International Company Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.