4Q18 EPS Beats; Raising FY19 Estimate
- 4Q18 (March) adjusted EPS was $1.12 (vs $0.98 last year), 9 cents above our estimate, primarily benefiting from a 30% tax rate (vs our 32% projection);
- For FY18 adjusted EPS rose 4% to a record $3.76 (vs FY17’s $3.61);
- For FY19, our EPS estimate is now $4.45 (from $4.20 – on introduced guidance of $4.20-to-$4.50), up 18% from our FY18 projection, depending on the success of the Constantia integration;
- We are introducing our FY20 EPS estimate at $4.99, up 12% from our FY19 projection.
Multi-Color is a provider of label solutions supporting a number of brands including producers of home and personal care, wine and spirits, food and beverage, healthcare and specialty consumer products. The company serves international brand owners with a range of label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve, Heat Transfer, Roll Fed, and Aluminum Labels. The company provides a range of products for the packaging needs of its customers and is a producer of pressure sensitive, in-mold and heat transfer labels, and a manufacturer of cut and stack, roll fed, aluminum and shrink sleeve labels. The company also provides a complement of print methods including rotogravure.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.