Matthews International (NASDAQ:MATW) Releases Earnings Results

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

Matthews International Trading Down 6.7 %

Matthews International stock traded down $1.78 during midday trading on Monday, reaching $24.77. The stock had a trading volume of 519,448 shares, compared to its average volume of 263,767. The stock's 50-day simple moving average is $28.99 and its 200 day simple moving average is $26.13. Matthews International has a twelve month low of $21.09 and a twelve month high of $32.24. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 1.45. The stock has a market capitalization of $767.13 million, a PE ratio of -12.57 and a beta of 1.14.

Matthews International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.04%. Matthews International's payout ratio is -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.