The Multi-Color Co. (LABL) Declares $0.05 Quarterly Dividend

The Multi-Color Co. (LABL) Declares $0.05 Quarterly Dividend

Shares of Multi-Color (NASDAQ:LABL) opened at 86.20 on Monday. The company has a 50-day moving average price of $77.85 and a 200 day moving average price of $75.25. Multi-Color has a 1-year low of $59.34 and a 1-year high of $88.25. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 24.08 and a beta of 1.05.

Multi-Color Co. (NASDAQ:LABL) announced a quarterly dividend on Friday, May 5th. Investors of record on Monday, May 15th will be given a dividend of 0.05 per share by the business services provider on Thursday, June 1st. This represents a $0.20 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, May 11th.

Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, May 30th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The company had revenue of $244 million during the quarter, compared to the consensus estimate of $235.95 million. Multi-Color had a net margin of 5.80% and a return on equity of 16.09%. Multi-Color’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, equities research analysts predict that Multi-Color will post $3.98 EPS for the current year.

Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, May 30th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The company had revenue of $244 million during the quarter, compared to the consensus estimate of $235.95 million. Multi-Color had a net margin of 5.80% and a return on equity of 16.09%. Multi-Color’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, equities research analysts predict that Multi-Color will post $3.98 EPS for the current year. Large investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in shares of Multi-Color by 6.3% in the first quarter. Teachers Advisors LLC now owns 23,509 shares of the business services provider’s stock worth $1,669,000 after buying an additional 1,400 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Multi-Color by 6.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 55,432 shares of the business services provider’s stock worth $3,936,000 after buying an additional 3,530 shares during the period. Bank of America Corp DE raised its stake in shares of Multi-Color by 65.7% in the first quarter. Bank of America Corp DE now owns 24,704 shares of the business services provider’s stock worth $1,754,000 after buying an additional 9,798 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Multi-Color by 2.8% in the first quarter. Vanguard Group Inc. now owns 689,589 shares of the business services provider’s stock worth $48,962,000 after buying an additional 18,668 shares during the period. 73.83% of the stock is currently owned by hedge funds and other institutional investors.

LABL has been the topic of a number of recent analyst reports. Zacks Investment Research raised Multi-Color from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Friday. KeyCorp reaffirmed a “sell” rating and set a $67.00 price target on shares of Multi-Color in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Multi-Color currently has a consensus rating of “Hold” and an average target price of $78.60. Multi-Color Company Profile

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LABL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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