Revenue Update on Matthews International Corp(NASDAQ:MATW)

Matthews International Corp(NASDAQ:MATW) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $382.06M. Analysts estimated a revenue of $385.34M. Earnings per share were $0.97. Analysts had estimated an EPS of $0.92.

Matthews International Corp (MATW) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.03% at a volume of 76,255. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $59.48. The peak price level was also seen at $59.48 while the days lowest was $58.94. Finally the shares closed at $59.01. The 52-week high of the shares is $61.1 while the 52-week low is $45. According to the latest information available, the market cap of the company is $1,895 M.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Brian J Dunn (EVP, Strategy and Corp. Develo) sold 13,333 shares at $54.25 per share price.Also, On Jun 9, 2016, David F Beck (VP and President) sold 3,167 shares at $55.74 per share price.On Jun 8, 2016, Steven F Nicola (CFO and Secretary) sold 21,728 shares at $54.86 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.

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