Multi-Color (LABL) Set to Announce Quarterly Earnings on Tuesday

Multi-Color (NASDAQ:LABL) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of $1.18 per share for the quarter.

Multi-Color (NASDAQ:LABL) last announced its quarterly earnings results on Tuesday, August 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.06. The business had revenue of $456.13 million during the quarter, compared to the consensus estimate of $442.85 million. Multi-Color had a net margin of 5.02% and a return on equity of 11.70%. On average, analysts expect Multi-Color to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NASDAQ LABL opened at $51.35 on Tuesday. The company has a market cap of $1.05 billion, a PE ratio of 13.66 and a beta of 0.67. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.97 and a quick ratio of 1.49. Multi-Color has a 1 year low of $50.52 and a 1 year high of $89.70.

In related news, insider Nigel A. Vinecombe sold 25,000 shares of Multi-Color stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $60.88, for a total value of $1,522,000.00. Following the completion of the sale, the insider now owns 62,190 shares in the company, valued at approximately $3,786,127.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.20% of the stock is currently owned by company insiders.

LABL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Multi-Color from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Wednesday, August 1st. KeyCorp restated a “hold” rating on shares of Multi-Color in a report on Tuesday, August 7th. BidaskClub upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Finally, ValuEngine upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $72.00.

Multi-Color Company Profile

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

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Earnings History for Multi-Color (NASDAQ:LABL)

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