KeyBanc analyst Adam Josephson maintained a Hold rating on Multi-Color Corp (NASDAQ: LABL) today. The company’s shares closed yesterday at $70.05.
Josephson commented:
“We are increasing our FY19 adj. EPS estimate from $4.15 to $4.35 (in line with guidance of $4.20-$4.50 and slightly below consensus of $4.39) and introducing a FY20 estimate of $4.60 (consensus is quite a bit higher, at $5.16). Consensus appears to be modeling few if any operational problems in FY20 given the implied assumption of a substantial $0.77 of adj. EPS growth, an assumption we aren’t comfortable making given LABL’s recent history.”
According to TipRanks.com, Josephson is a 3-star analyst with an average return of 7.3% and a 61.4% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.
Multi-Color Corp has an analyst consensus of Hold.
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Based on Multi-Color Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $22.12 million. In comparison, last year the company had a net profit of $16.72 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Sharon Birkett, the CFO of LABL sold 13,500 shares for a total of $930,150.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Multi-Color Corp. engages in the provision of label solutions supporting various industries such as home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. It operates through the Consumer Product Goods; Wine and Spirits; and Food and Beverage segments.
