Trade-Ideas LLC identified

Matthews International Corporation

(

MATW

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Matthews International Corporation as such a stock due to the following factors:

  • MATW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.8 million.
  • MATW has traded 891 shares today.
  • MATW is trading at a new lifetime high.

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More details on MATW:

Matthews International Corporation designs, manufactures, and markets memorialization products and solutions for the cemetery and funeral home industries in the United States, Central and South America, Canada, Europe, Australia, and Asia. The stock currently has a dividend yield of 1%. MATW has a PE ratio of 19. Currently there are 2 analysts that rate Matthews International Corporation a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Matthews International Corporation has been 134,300 shares per day over the past 30 days. Matthews International has a market cap of $1.9 billion and is part of the services sector and diversified services industry. The stock has a beta of 0.89 and a short float of 3.3% with 7.05 days to cover. Shares are up 20.6% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Matthews International Corporation as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 5.9%. Since the same quarter one year prior, revenues slightly increased by 5.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • MATTHEWS INTL CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, MATTHEWS INTL CORP increased its bottom line by earning $1.90 versus $1.53 in the prior year. This year, the market expects an improvement in earnings ($3.35 versus $1.90).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Services & Supplies industry. The net income increased by 253.3% when compared to the same quarter one year prior, rising from $4.81 million to $16.97 million.
  • 38.44% is the gross profit margin for MATTHEWS INTL CORP which we consider to be strong. Regardless of MATW's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 4.60% trails the industry average.

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