B. Riley Has Optimistic Outlook of MATW FY2025 Earnings

Matthews International Co. (NASDAQ:MATW - Free Report) - Analysts at B. Riley increased their FY2025 earnings per share estimates for shares of Matthews International in a report released on Monday, November 25th. B. Riley analyst L. Burke now anticipates that the company will earn $2.00 per share for the year, up from their previous estimate of $1.93. B. Riley currently has a "Buy" rating and a $40.00 price target on the stock. The consensus estimate for Matthews International's current full-year earnings is $1.93 per share.

Matthews International Stock Performance

NASDAQ MATW traded up $0.03 during trading hours on Wednesday, hitting $30.35. The company had a trading volume of 132,415 shares, compared to its average volume of 156,272. Matthews International has a fifty-two week low of $21.09 and a fifty-two week high of $39.12. The firm has a market cap of $928.71 million, a P/E ratio of -15.71 and a beta of 1.06. 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 business has a fifty day simple moving average of $23.54 and a 200-day simple moving average of $25.23.

Matthews International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Matthews International's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.29%. Matthews International's dividend payout ratio (DPR) is currently -49.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV grew its position in Matthews International by 63.7% in the 3rd quarter. KBC Group NV now owns 1,937 shares of the company's stock valued at $45,000 after buying an additional 754 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Matthews International in the 2nd quarter worth approximately $49,000. nVerses Capital LLC bought a new position in shares of Matthews International in the second quarter valued at approximately $110,000. SG Americas Securities LLC acquired a new position in shares of Matthews International during the second quarter valued at approximately $112,000. Finally, BNP Paribas Financial Markets raised its holdings in Matthews International by 7.7% during the third quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company's stock worth $153,000 after purchasing an additional 471 shares in the last quarter. Institutional investors own 83.08% of the company's stock.

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.