Matthews International Corp (NASDAQ:MATW) had declared a cash dividend of $0.1700 on Nov 17, 2016. The shares will quote ex-dividend on Nov 23, 2016 and the record date has been fixed for Nov 28, 2016. On Nov 17, 2016 share price, the yield comes out to be 1.0233%. The dividend payable date has been fixed on Dec 12, 2016.
In a different note, On Sep 22, 2016, Macquarie said it Maintains its rating on Matthews International Corp. In the research note, the firm Raises the price-target to $57.00 per share. The shares have been rated ‘Neutral’ by the firm.
Matthews International Corp (MATW) made into the market gainers list on Mondays trading session with the shares advancing 5.49% or 3.75 points. Due to strong positive momentum, the stock ended at $72.1, which is also near the day’s high of $72.35. The stock began the session at $68.2 and the volume stood at 2,53,742 shares. The 52-week high of the shares is $72.35 and the 52 week low is $45. The company has a current market capitalization of $2,315 M and it has 3,21,13,063 shares in outstanding.
Matthews International Corp(MATW) last announced its earnings results on Nov 17, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $377.00M. Analysts had an estimated revenue of $381.57M. Earnings per share were $1.08. The reported EPS was above estimates by $0.11 or 11.34%. Analysts had estimated an EPS of $0.97.
Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, Paul C. Jensen (President, Marketing and Full) sold 914 shares at $62.24 per share price.Also, On Aug 17, 2016, Paul F Rahill (President, Cremation Division) sold 4,666 shares at $60.88 per share price.On Aug 15, 2016, David A Schawk (President, Brand Solutions) sold 15,000 shares at $60.79 per share price, according to the Form-4 filing with the securities and exchange commission.
Matthews International Corporation is a designer manufacturer and marketer of memorialization products and brand solutions. The Company’s products and operations consist of six business segments: Cemetery Products Funeral Home Products Cremation Graphics Imaging Marking and Fulfillment Systems and Merchandising Solutions. The Cemetery Products segment manufactures cast bronze and granite memorials and other memorialization products cast and etched architectural products and is a builder of mausoleums in the United States. The Funeral Home Products segment manufactures caskets distributes and produces wood metal and cremation caskets. The Cremation segment is a designer and manufacturer of cremation equipment in North America and Europe. The Graphics Imaging segment manufactures and provides brand solutions printing plates gravure cylinders pre-press services and imaging services for the packaging and corrugated industries.