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• Matthews International Corp MATW.OQ reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of two analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 53 cents to 58 cents per share.

• Revenue fell 9.3% to $427.83 million from a year ago; analysts expected $450.12 million.

• Matthews International Corp's reported EPS for the quarter was 6 cents​.

• The company reported quarterly income of $1.78 million.

• Matthews International Corp shares had risen by 15.6% this quarter and lost 21.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26% in the last three months.​

• In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," "hold" and "sell" or "strong sell."

• The average consensus recommendation for the personal products peer group is also "buy"

Wall Street's median 12-month price target for Matthews International Corp is $48.00

This summary was machine generated from LSEG data August 2 at 03:48 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)