Multi-Color Corporation (LABL) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.95 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.90. The company posted revenue of $236.49 million in the period, compared to analysts expectations of $234.99 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Many Wall Street Analysts have commented on Multi-Color Corporation. Company shares were Downgraded by Singular Research on Jun 21, 2016 to ” BUY – Long-Term”, Firm has raised the Price Target to $ 67 from a previous price target of $60 .
Multi-Color Corporation opened for trading at $64.06 and hit $64.95 on the upside on Monday, eventually ending the session at $63.88, with a gain of 0.09% or 0.06 points. The heightened volatility saw the trading volume jump to 60,662 shares. Company has a market cap of $1,074 M.
Investors should note that on Aug 1, 2016, Multi-Color Corporation announced a cash dividend of $0.0500. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.
In a different news, on Jun 10, 2016, Floyd E Needham (Chief Operating Officer – CPG) sold 7,500 shares at $63.31 per share price. According to the SEC, on Jun 3, 2016, Nigel A Vinecombe (Executive Chairman) sold 25,000 shares at $63.20 per share price. On Nov 24, 2015, Thomas M Mohr (director) sold 3,000 shares at $62.70 per share price, according to the Form-4 filing with the securities and exchange commission.
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 with a range of label technologies in Pressure Sensitive Glue-Applied (Cut and Stack) In-Mold Shrink Sleeve and Heat Transfer. The Company also provides a range of print methods including flexographic lithographic rotogravure letterpress and digital plus in-house prepress services. The Company provides graphics and pre-press services for its customers at all of its manufacturing locations. These services include the conversion of customer digital files and artwork into proofs production of print layouts and printing plates and product mock ups and samples for market research.