B. Riley Research Analysts Boost Earnings Estimates for MATW

Matthews International Co. (NASDAQ:MATW) – Stock analysts at B. Riley upped their FY2025 earnings per share (EPS) estimates for Matthews International in a research note issued to investors on Monday, November 25th. B. Riley analyst L. Burke now anticipates that the company will post earnings per share of $2.00 for the year, up from their previous estimate of $1.93. B. Riley currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for Matthews International’s current full-year earnings is $1.93 per share.

Matthews International Stock Up 0.1 %

Shares of NASDAQ MATW opened at $30.35 on Wednesday. The stock has a market cap of $928.71 million, a P/E ratio of -15.71 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 0.91 and a debt-to-equity ratio of 1.76. Matthews International has a 12-month low of $21.09 and a 12-month high of $39.12. The business’s fifty day simple moving average is $23.54 and its 200-day simple moving average is $25.23.

Institutional Trading of Matthews International

Several hedge funds have recently modified their holdings of MATW. State Board of Administration of Florida Retirement System raised its stake in shares of Matthews International by 67.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,202 shares of the company’s stock valued at $441,000 after acquiring an additional 5,710 shares in the last quarter. Vanguard Group Inc. increased its holdings in Matthews International by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,619,317 shares of the company’s stock valued at $112,488,000 after buying an additional 76,752 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Matthews International by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 68,771 shares of the company’s stock valued at $2,138,000 after buying an additional 1,063 shares during the last quarter. Comerica Bank increased its holdings in Matthews International by 73.9% in the first quarter. Comerica Bank now owns 24,246 shares of the company’s stock valued at $754,000 after buying an additional 10,304 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Matthews International in the second quarter valued at $112,000. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Matthews International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This is a boost from Matthews International’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, December 2nd. Matthews International’s dividend payout ratio (DPR) is presently -49.74%.

About Matthews International

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.