Matthews International Corp (NASDAQ: MATW) has reported E.P.S. of $0.56 for its fourth fiscal quarter (ending September 30) versus $-2.63 for the same period a year ago. Relative to the consensus estimate of $0.82, this was a shortfall of $-0.26. For the latest four quarters through September 30, E.P.S. were $1.26 compared to $-3.18 a year ago.
Recent Price Action
Matthews International Corp (NASDAQ: MATW) stock closed at $38.18 on 11/16/23 after a slight gain of 0.3%. The stock has risen 5.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MATW is expected to continue to be a major Value Builder.
Matthews International has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Matthews International has a poor Appreciation Score of 19 but a good Power Rating of 83, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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