Should I buy or sell Matthews International stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matthews International in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MATW shares. View MATW analyst ratings or view top-rated stocks .

What is Matthews International's stock price target for 2024?

1 Wall Street analysts have issued 1 year target prices for Matthews International's shares. Their MATW share price targets range from $59.00 to $59.00. On average, they expect the company's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 101.4% from the stock's current price. View analysts price targets for MATW or view top-rated stocks among Wall Street analysts .

How have MATW shares performed in 2024?

Matthews International's stock was trading at $36.65 at the beginning of 2024. Since then, MATW shares have decreased by 20.1% and is now trading at $29.29. View the best growth stocks for 2024 here .

When is Matthews International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our MATW earnings forecast .

How were Matthews International's earnings last quarter?

Matthews International Co. (NASDAQ:MATW) announced its quarterly earnings data on Thursday, November, 16th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $480.17 million for the quarter, compared to analysts' expectations of $483 million. Matthews International had a trailing twelve-month return on equity of 16.44% and a net margin of 1.77%.

How often does Matthews International pay dividends? What is the dividend yield for Matthews International?

Matthews International declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.24 per share on Monday, February 19th. This represents a $0.96 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, February 2nd. This is a boost from the stock's previous quarterly dividend of $0.13. Read our dividend analysis for MATW .

Is Matthews International a good dividend stock?

Matthews International (NASDAQ:MATW) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.28%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MATW will have a dividend payout ratio of 32.88% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MATW .

What ETFs hold Matthews International's stock?

ETFs with the largest weight of Matthews International (NASDAQ:MATW) stock in their portfolio include Gabelli Automation ETF (GAST) , ProShares Russell 2000 Dividend Growers ETF (SMDV) , Inspire Fidelis Multi Factor ETF (FDLS) , iShares US Small Cap Value Factor ETF (SVAL) and Invesco Nasdaq Future Gen 200 ETF (QQQS) . EA Bridgeway Omni Small-Cap Value ETF (BSVO) .

What is Joseph C. Bartolacci's approval rating as Matthews International's CEO?

59 employees have rated Matthews International Chief Executive Officer Joseph C. Bartolacci on Glassdoor.com . Joseph C. Bartolacci has an approval rating of 51% among the company's employees. This puts Joseph C. Bartolacci in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Matthews International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Matthews International investors own include Johnson & Johnson (JNJ) , AbbVie (ABBV) , Pfizer (PFE) , Verizon Communications (VZ) , Abbott Laboratories (ABT) , Gilead Sciences (GILD) , Medtronic (MDT) , Marathon Petroleum (MPC) , Realty Income (O) and PepsiCo (PEP) .

Who are Matthews International's major shareholders?

Matthews International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.66%), Allspring Global Investments Holdings LLC (1.53%), Charles Schwab Investment Management Inc. (1.40%), Norges Bank (0.64%), Principal Financial Group Inc. (0.54%) and Great Lakes Advisors LLC (0.39%). Insiders that own company stock include Aleta W Richards, Brian J Dunn, David A Schawk, Joseph C Bartolacci, Ronald C Awenowicz and Steven F Nicola. View institutional ownership trends .

How do I buy shares of Matthews International?

Shares of MATW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MATW

Matthews International (MATW) Stock Price, News & Analysis

$29.29

+0.51 (+1.77%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $28.43
▼
$29.42
50-Day Range: $28.03
▼
$38.72
52-Week Range: $27.95
▼
$48.86

Volume: 362,400 shs
Average Volume: 171,400 shs
Market Capitalization: $898.62 million

P/E Ratio: 27.63
Dividend Yield: 3.28%
Price Target: $59.00

Get Matthews International alerts:

Matthews International MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 101.4% Upside
$59.00 Price Target
Short Interest: Healthy
2.58% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.17
Based on 22 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.77%
From $2.66 to $2.92 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.11 out of 5 stars

Consumer Staples Sector

49th out of 134 stocks

Nonferrous Foundries (Castings) Industry

1st out of 2 stocks

3.5

Analyst's Opinion

Consensus Rating
Matthews International has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $59.00, Matthews International has a forecasted upside of 101.4% from its current price of $29.29.
Amount of Analyst Coverage
Matthews International has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.58% of the float of Matthews International has been sold short.
Short Interest Ratio / Days to Cover
Matthews International has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Matthews International has recently decreased by 2.27%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Matthews International pays a meaningful dividend of 3.28%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Matthews International has been increasing its dividend for 29 years.
Dividend Coverage
The dividend payout ratio of Matthews International is 90.57%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Matthews International will have a dividend payout ratio of 32.88% next year. This indicates that Matthews International will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MATW.

2.9

News and Social Media Coverage

News Sentiment
Matthews International has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Matthews International this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for MATW on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Matthews International to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Matthews International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.10% of the stock of Matthews International is held by insiders.
Percentage Held by Institutions
76.40% of the stock of Matthews International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Matthews International are expected to grow by 9.77% in the coming year, from $2.66 to $2.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matthews International is 27.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Matthews International is 27.63, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.10.
Price to Book Value per Share Ratio
Matthews International has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Matthews International Stock (NASDAQ:MATW)

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. The Industrial Technologies segment designs, manufactures, services, and distributes high-tech custom energy storage solutions, and product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products. This segment also provides engineered calendaring, laminating, and coating equipment; stand-alone marking products; laser and ink-jet printing systems; and spare parts, calendar, and coating-roller refurbishing and retrofits. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The company was founded in 1850 and is based in Pittsburgh, Pennsylvania.

MATW Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MATW Stock News Headlines

February 5, 2024 | marketbeat.com

MarketBeat ‘Stock of the Week’: Driven Brands has road to recovery (MATW)

Despite stringing together an impressive earnings beat history, DRVN is trading well below its January 2021 IPO level and appears undervalued.

February 9, 2024 | americanbankingnews.com

Matthews International (NASDAQ:MATW) Downgraded by StockNews.com to "Hold"

February 12, 2024 | The Oxford Club (Ad)

PROOF: New One Ticker (Weekly) Payouts

A multimillionaire stock trader's research explains how focusing on just one ticker every week has generated payouts up to a rare 2,614% in under 11 days...AND he's brought proof to show the world!

February 8, 2024 | americanbankingnews.com

FY2024 EPS Estimates for Matthews International Co. (NASDAQ:MATW) Lowered by Analyst

February 8, 2024 | americanbankingnews.com

B. Riley Comments on Matthews International Co.'s Q2 2024 Earnings (NASDAQ:MATW)

February 6, 2024 | msn.com

Matthews International Announces New Financial Obligation

February 6, 2024 | msn.com

Matthews International Extends Credit Facility to 2029

February 6, 2024 | americanbankingnews.com

Matthews International (NASDAQ:MATW) PT Lowered to $59.00 at B. Riley

February 12, 2024 | The Oxford Club (Ad)

PROOF: New One Ticker (Weekly) Payouts

A multimillionaire stock trader's research explains how focusing on just one ticker every week has generated payouts up to a rare 2,614% in under 11 days...AND he's brought proof to show the world!

February 6, 2024 | americanbankingnews.com

Matthews International (NASDAQ:MATW) Shares Down 7% After Analyst Downgrade

February 4, 2024 | seekingalpha.com

Matthews International: Slow Orderbook Build And Not Great Delivery Rates

February 3, 2024 | finance.yahoo.com

Matthews International First Quarter 2024 Earnings: EPS Misses Expectations

February 3, 2024 | finance.yahoo.com

Matthews International Corporation (NASDAQ:MATW) Q1 2024 Earnings Call Transcript

February 2, 2024 | finance.yahoo.com

Q1 2024 Matthews International Corp Earnings Call

February 2, 2024 | finanznachrichten.de

Matthews International Corporation: Matthews International Reports Results for Fiscal 2024 First Quarter

February 2, 2024 | finance.yahoo.com

Matthews International Corp Reports Modest Sales Growth Amidst Challenges in Fiscal Q1 2024

February 2, 2024 | seekingalpha.com

Matthews International Corporation 2024 Q1 - Results - Earnings Call Presentation

February 2, 2024 | americanbankingnews.com

Matthews International (NASDAQ:MATW) Rating Lowered to Hold at StockNews.com

February 2, 2024 | msn.com

Matthews Non-GAAP EPS of $0.37 misses by $0.10, revenue of $450M misses by $1.93M

January 25, 2024 | finance.yahoo.com

Earnings Preview: Matthews International (MATW) Q1 Earnings Expected to Decline

January 24, 2024 | finance.yahoo.com

Matthews International Declares Quarterly Dividend

January 23, 2024 | yahoo.com

How to Get Tickets to Dave Matthews Band’s 2024 Tour

January 5, 2024 | finance.yahoo.com

Matthews International Announces First Quarter Fiscal 2024 Earnings Release and Conference Call

January 5, 2024 | finance.yahoo.com

Matthews International Announces First Quarter Fiscal 2024 Earnings Release and Conference Call

December 16, 2023 | finance.yahoo.com

With 84% ownership, Matthews International Corporation (NASDAQ:MATW) boasts of strong institutional backing

December 2, 2023 | morningstar.com

Matthews International Corp Class A

December 2, 2023 | finance.yahoo.com

Did Matthews International Corporation (NASDAQ:MATW) Use Debt To Deliver Its ROE Of 7.5%?

See More Headlines

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Company Calendar

Last Earnings: 11/16/2023
Ex-Dividend for 12/11 Dividend: 11/24/2023
Dividend Payable: 12/11/2023
Ex-Dividend for 2/19 Dividend: 2/02/2024
Today: 2/12/2024
Dividend Payable: 2/19/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Staples
Industry: Nonferrous foundries (castings)
Sub-Industry: Specialized Consumer Services
Current Symbol: NASDAQ:MATW
CUSIP: 57712810
CIK: 63296
Web: www.matw.com
Phone: (412) 442-8200
Fax: 412-442-8290
Employees: 12,000
Year Founded: 1850

Price Target and Rating

Average Stock Price Target: $59.00
High Stock Price Target: $59.00
Low Stock Price Target: $59.00
Potential Upside/Downside: +101.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.06
Trailing P/E Ratio: 27.63
Forward P/E Ratio: 11.01
P/E Growth: N/A
Net Income: $39.29 million
Net Margins: 1.77%
Pretax Margin: 1.75%
Return on Equity: 16.44%
Return on Assets: 4.49%

Debt

Debt-to-Equity Ratio: 1.69
Current Ratio: 1.88
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $1.88 billion
Price / Sales: 0.48
Cash Flow: $6.13 per share
Price / Cash Flow: 4.78
Book Value: $16.58 per share
Price / Book: 1.77

Miscellaneous

Outstanding Shares: 30,680,000
Free Float: 29,424,000
Market Cap: $898.62 million
Optionable: Optionable
Beta: 1.14

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Key Executives

Mr. Joseph C. Bartolacci (Age 64)
CEO, President & Director
Comp: $2.24M
Mr. Steven F. Nicola (Age 64)
CFO & Corporate Secretary
Comp: $1.19M
Mr. Ronald C. Awenowicz (Age 55)
Senior Vice President of Global Compliance, Operations & N.A. Human Resources
Mr. Lee Lane (Age 56)
Group President of Matthews Industrial Automation & Matthews Environmental Solutions
Mr. David F. Beck (Age 72)
VP & Controller
Mr. C. Michael Dempe (Age 68)
President of IDL Worldwide
Mr. Robert M. Marsh CFA (Age 56)
Treasurer & VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MATW Stock Analysis - Frequently Asked Questions

Should I buy or sell Matthews International stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matthews International in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MATW shares.
View MATW analyst ratings or view top-rated stocks.
What is Matthews International's stock price target for 2024?: 1 Wall Street analysts have issued 1 year target prices for Matthews International's shares. Their MATW share price targets range from $59.00 to $59.00. On average, they expect the company's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 101.4% from the stock's current price.
View analysts price targets for MATW or view top-rated stocks among Wall Street analysts.
How have MATW shares performed in 2024?: Matthews International's stock was trading at $36.65 at the beginning of 2024. Since then, MATW shares have decreased by 20.1% and is now trading at $29.29.
View the best growth stocks for 2024 here.
When is Matthews International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MATW earnings forecast.
How were Matthews International's earnings last quarter?: Matthews International Co. (NASDAQ:MATW) announced its quarterly earnings data on Thursday, November, 16th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $480.17 million for the quarter, compared to analysts' expectations of $483 million. Matthews International had a trailing twelve-month return on equity of 16.44% and a net margin of 1.77%.
How often does Matthews International pay dividends? What is the dividend yield for Matthews International?: Matthews International declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.24 per share on Monday, February 19th. This represents a $0.96 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, February 2nd. This is a boost from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for MATW.

Is Matthews International a good dividend stock?: Matthews International (NASDAQ:MATW) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.28%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MATW will have a dividend payout ratio of 32.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATW.
What ETFs hold Matthews International's stock?: ETFs with the largest weight of Matthews International (NASDAQ:MATW) stock in their portfolio include Gabelli Automation ETF (GAST), ProShares Russell 2000 Dividend Growers ETF (SMDV), Inspire Fidelis Multi Factor ETF (FDLS), iShares US Small Cap Value Factor ETF (SVAL) and Invesco Nasdaq Future Gen 200 ETF (QQQS).EA Bridgeway Omni Small-Cap Value ETF (BSVO).
What is Joseph C. Bartolacci's approval rating as Matthews International's CEO?: 59 employees have rated Matthews International Chief Executive Officer Joseph C. Bartolacci on Glassdoor.com. Joseph C. Bartolacci has an approval rating of 51% among the company's employees. This puts Joseph C. Bartolacci in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Matthews International own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Matthews International investors own include Johnson & Johnson (JNJ), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Abbott Laboratories (ABT), Gilead Sciences (GILD), Medtronic (MDT), Marathon Petroleum (MPC), Realty Income (O) and PepsiCo (PEP).
Who are Matthews International's major shareholders?: Matthews International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.66%), Allspring Global Investments Holdings LLC (1.53%), Charles Schwab Investment Management Inc. (1.40%), Norges Bank (0.64%), Principal Financial Group Inc. (0.54%) and Great Lakes Advisors LLC (0.39%). Insiders that own company stock include Aleta W Richards, Brian J Dunn, David A Schawk, Joseph C Bartolacci, Ronald C Awenowicz and Steven F Nicola.
View institutional ownership trends.
How do I buy shares of Matthews International?: Shares of MATW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MATW) was last updated on 2/12/2024 by MarketBeat.com Staff

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