For its second fiscal quarter (ending March 31), Matthews International Corp (NASDAQ: MATW) has reported a -3% decline in E.P.S. from $0.30 a year ago to $0.29 in the current quarter. E.P.S. were $1.07 for the latest four quarters through March 31 versus $-2.12 for the same period a year ago.
Recent Price Action
On 5/2/24, Matthews International Corp (NASDAQ: MATW) stock increased 1.5%, closing at $27.12. Trading volume in this advance was normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 0.7% during the last week.
Current PriceTarget Research Rating
MATW is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Matthews International has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Matthews International has a slightly negative Appreciation Score of 38 and a very low Power Rating of 1, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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