Equities research analysts predict that Multi-Color Co. (NASDAQ:LABL) will announce $453.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Multi-Color’s earnings, with the lowest sales estimate coming in at $440.00 million and the highest estimate coming in at $466.00 million. Multi-Color reported sales of $256.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 76.9%. The firm is expected to report its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Multi-Color will report full year sales of $1.79 billion for the current financial year, with estimates ranging from $1.79 billion to $1.80 billion. For the next financial year, analysts expect that the company will post sales of $1.84 billion per share, with estimates ranging from $1.83 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Multi-Color.
Multi-Color (NASDAQ:LABL) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $456.13 million during the quarter, compared to analysts’ expectations of $442.85 million. Multi-Color had a return on equity of 11.70% and a net margin of 5.02%.
Several equities research analysts have recently weighed in on LABL shares. BidaskClub cut Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Monday, May 14th. ValuEngine cut Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Zacks Investment Research raised Multi-Color from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Finally, KeyCorp reissued a “hold” rating on shares of Multi-Color in a research note on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $72.00.
Several institutional investors have recently made changes to their positions in LABL. Ceredex Value Advisors LLC bought a new stake in shares of Multi-Color during the 1st quarter valued at about $17,830,000. Advisors Asset Management Inc. boosted its position in shares of Multi-Color by 9,037.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 272,302 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 269,322 shares in the last quarter. FMR LLC boosted its position in shares of Multi-Color by 13.6% during the 2nd quarter. FMR LLC now owns 2,011,782 shares of the business services provider’s stock valued at $130,062,000 after purchasing an additional 240,099 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Multi-Color by 27.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 973,943 shares of the business services provider’s stock valued at $64,329,000 after purchasing an additional 210,418 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Multi-Color by 25.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 933,600 shares of the business services provider’s stock valued at $60,358,000 after purchasing an additional 191,424 shares in the last quarter. Institutional investors own 71.70% of the company’s stock.
Shares of LABL stock traded up $0.85 on Friday, hitting $62.25. The company had a trading volume of 48,500 shares, compared to its average volume of 114,384. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 16.33 and a beta of 0.69. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 2.21. Multi-Color has a twelve month low of $57.76 and a twelve month high of $89.70.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Wednesday, August 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.32%. Multi-Color’s payout ratio is 5.32%.
Multi-Color Company Profile
Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.
Featured Article: Fundamental Analysis and Choosing Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Multi-Color Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Color and related companies with MarketBeat.com's FREE daily email newsletter.