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NASDAQ:MATW

Matthews International (MATW) Stock Price, News & Analysis

$22.55
+0.25 (+1.12%)
(As of 10/17/2024 ET)

About Matthews International Stock (NASDAQ:MATW)

Key Stats

Today's Range
$22.09
$22.61
50-Day Range
$21.36
$26.10
52-Week Range
$21.09
$39.56
Volume
98,833 shs
Average Volume
153,987 shs
Market Capitalization
$692.51 million
P/E Ratio
26.85
Dividend Yield
4.26%
Price Target
$40.00
Consensus Rating
Buy

Company Overview

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. The Industrial Technologies segment designs, manufactures, services, and distributes high-tech custom energy storage solutions, and product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products. This segment also provides engineered calendaring, laminating, and coating equipment; stand-alone marking products; laser and ink-jet printing systems; and spare parts, calendar, and coating-roller refurbishing and retrofits. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The company was founded in 1850 and is based in Pittsburgh, Pennsylvania.

Matthews International Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
74th Percentile Overall Score

MATW MarketRank™: 

Matthews International scored higher than 74% of companies evaluated by MarketBeat, and ranked 65th out of 138 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Matthews International has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Matthews International has only been the subject of 1 research reports in the past 90 days.

  • Read more about Matthews International's stock forecast and price target.
  • Earnings Growth

    Earnings for Matthews International are expected to decrease by -4.93% in the coming year, from $2.03 to $1.93 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Matthews International is 26.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Matthews International is 26.85, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.11.

  • Price to Book Value per Share Ratio

    Matthews International has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Matthews International's valuation and earnings.
  • Percentage of Shares Shorted

    2.80% of the float of Matthews International has been sold short.
  • Short Interest Ratio / Days to Cover

    Matthews International has a short interest ratio ("days to cover") of 5.7.
  • Change versus previous month

    Short interest in Matthews International has recently increased by 1.79%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Matthews International is a leading dividend payer. It pays a dividend yield of 4.37%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Matthews International has been increasing its dividend for 29 years.

  • Dividend Coverage

    The dividend payout ratio of Matthews International is 90.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Matthews International will have a dividend payout ratio of 49.74% next year. This indicates that Matthews International will be able to sustain or increase its dividend.

  • Read more about Matthews International's dividend.
  • Percentage of Shares Shorted

    2.80% of the float of Matthews International has been sold short.
  • Short Interest Ratio / Days to Cover

    Matthews International has a short interest ratio ("days to cover") of 5.7.
  • Change versus previous month

    Short interest in Matthews International has recently increased by 1.79%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Matthews International has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Matthews International this week, compared to 2 articles on an average week.
  • Search Interest

    4 people have searched for MATW on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Matthews International to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Matthews International insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 4.10% of the stock of Matthews International is held by insiders.

  • Percentage Held by Institutions

    83.08% of the stock of Matthews International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Matthews International's insider trading history.
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MATW Stock News Headlines

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Matthews International Announces Pricing of Senior Notes
Matthews International Announces Private Offering
See More Headlines

MATW Stock Analysis - Frequently Asked Questions

Matthews International's stock was trading at $36.65 at the beginning of 2024. Since then, MATW shares have decreased by 38.5% and is now trading at $22.55.
View the best growth stocks for 2024 here
.

Matthews International Co. (NASDAQ:MATW) released its earnings results on Thursday, August, 1st. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by $0.02. The business had revenue of $427.83 million for the quarter, compared to analyst estimates of $450.03 million. Matthews International had a net margin of 1.43% and a trailing twelve-month return on equity of 15.79%.

Top institutional investors of Matthews International include Wedge Capital Management L L P NC (0.18%), Inspire Investing LLC (0.06%) and SG Americas Securities LLC (0.05%). Insiders that own company stock include Joseph C Bartolacci, Aleta W Richards and Ronald C Awenowicz.
View institutional ownership trends
.

Shares of MATW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Matthews International investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 8/19 Dividend
8/05/2024
Dividend Payable
8/19/2024
Today
10/17/2024
Next Earnings (Estimated)
11/21/2024
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Industry
Nonferrous foundries (castings)
Sub-Industry
Specialized Consumer Services
Current Symbol
NASDAQ:MATW
CUSIP
57712810
Employees
12,000
Year Founded
1850

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$40.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+77.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$39.29 million
Pretax Margin
0.72%

Debt

Sales & Book Value

Annual Sales
$1.83 billion
Cash Flow
$6.37 per share
Book Value
$17.24 per share

Miscellaneous

Free Float
29,343,000
Market Cap
$692.51 million
Optionable
Optionable
Beta
1.07

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This page (NASDAQ:MATW) was last updated on 10/18/2024 by MarketBeat.com Staff
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