Matthews International Corporation (NASDAQ:MATW) is reporting fourth quarter earnings results on Thursday 19th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.85 per share.
For the full year, analysts predict revenues of $ 1468.77 million, while looking forward to income of $ 2.75 per share.
Previous Quarter Performance
Matthews International Corporation recorded income for the third quarter of $ 0.80 per share, from the revenue of $ 359.42 million. The quarterly earnings shrunk 11.11 percent compared with the same quarter last year. Wall street analysts are predicting, MATW to report 3Q20 income of $ 0.63 per share from revenue of $ 353.29 million. The bottom line results beat street analysts by $ 0.17 or 26.98 percent, at the same time, top line results outshined analysts by $ 6.13 million or 1.74 percent.
Stock Performance
Shares of Matthews International Corporation traded up $ 0.75 or 2.70 percent on Wednesday, reaching $ 28.52 with volume of 173.20 thousand shares. Matthews International Corporation has traded high as $ 28.95 and has cracked $ 27.81 on the downward trend
According to the previous trading day, closing price of $ 28.52, representing a 63.26 % increase from the 52 week low of $ 17.01 and a 31.19 % decrease over the 52 week high of $ 40.36.
The company has a market capital of $ 891.67 million and is part of the Industrials sector and Conglomerates industry.
Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The companys SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency. This segment also produces digital packaging artwork files, and pre-media graphics services for print and digital channels, as well as image carriers comprising printing plates and gravure cylinders; and develops digital tools.
