B. Riley Expects Higher Earnings for Matthews International

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

Matthews International Stock Performance

MATW opened at $30.32 on Wednesday. The firm has a 50-day simple moving average of $23.41 and a two-hundred day simple moving average of $25.22. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91. Matthews International has a 52 week low of $21.09 and a 52 week high of $39.12.

Institutional Trading of Matthews International

Hedge funds have recently modified their holdings of the company. KBC Group NV grew its holdings in shares of Matthews International by 63.7% in the third quarter. KBC Group NV now owns 1,937 shares of the company’s stock valued at $45,000 after purchasing an additional 754 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Matthews International in the 2nd quarter worth $49,000. nVerses Capital LLC purchased a new position in shares of Matthews International in the 2nd quarter worth $110,000. SG Americas Securities LLC bought a new stake in shares of Matthews International in the 2nd quarter worth about $112,000. Finally, BNP Paribas Financial Markets raised its position in shares of Matthews International by 7.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company’s stock valued at $153,000 after buying an additional 471 shares in the last quarter. 83.08% of the stock is owned by hedge funds and other institutional investors.

Matthews International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Matthews International’s previous quarterly dividend of $0.24. Matthews International’s dividend payout ratio (DPR) is currently -49.74%.

Matthews International Company Profile

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.