Great Lakes Review, a division of Wellington Shields Co. LLC - Matthews International Corporation Class A (MATW) 3Q17 EPS Misses by 2 Cents; Slightly Lowering FY17 Estimate

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Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review

EUR 89.08 For Business Accounts Only

3Q17 EPS Misses by 2 Cents; Slightly Lowering FY17 Estimate

3Q17 (June) adjusted EPS was $1.05 (vs $0.97 last year), up 8% YoY but 2 cents below our estimate;
Due to 3Q17’s slight miss, our FY17 EPS estimate is now $3.63 (from $3.65), up 7% from our FY16 projection, assuming continued benefits from acquisitions, productivity improvements and cost reductions, partially offset by still sluggish conditions in SGK Brand Solutions in North America;
Our FY18 EPS estimate remains $4.07, up 12% from FY17.

31/07/2017 8 EN

Underlying

Matthews International Corporation Class A

Matthews International is a provider of brand solutions, memorialization products and industrial technologies. The company's reporting segments are: SGK Brand Solutions, which includes brand development, deployment and delivery; Memorialization, which includes a line of memorialization products used primarily in cemeteries, funeral homes and crematories; and Industrial Technologies, which designs, manufactures and distributes a range of marking and coding equipment and consumables, industrial automation solutions, and warehouse automation systems, as well as manufactures and markets products and systems that employ different marking technologies, including laser and ink-jet printing.

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US5771281012 NASDAQ Stock Market United States

Provider

Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review is located in Cleveland, Ohio, was founded in 1981 and became a division of Wellington Shields & Co. LLC in 2011. Great Lakes Review is a research boutique focused on the fundamentally-oriented investor seeking companies that dominate their respective specialty niche regardless of industry. The objective is to make money for the long-term by gradually accumulating a diversified portfolio from a universe of no more than 30 companies. Although short-term-oriented accounts will be alerted to trading opportunities, aggressive sell recommendations are triggered only by a deterioration in long-term fundamentals, not by short-term blips or investor fancy. Coverage of those names that lose their earnings momentum or earnings predictability may be dropped and replaced with more vital candidates.

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Analysts

Great Lakes Review

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3Q17 EPS Misses by 2 Cents; Slightly Lowering FY17 Estimate

Matthews International Corporation Announces Clearance of Remaining Foreign Anti-Trust Regulatory Requirements

Matthews International Announces Second Quarter Fiscal 2025 Earnings Release and Conference Call

Matthews International Corporation Announces Expiration of HSR Waiting Period

AIT: An Overlooked Industrial with Nearly 30% EPS Growth Modeled for FY19

RPM: Elliott Management the Catalyst to Rev Up the "RPMs"

Weekly Update: ATR, JBT, LECO, MIDD, NEOG, THO

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