Brokerages expect Milacron Holdings Corp. (NYSE:MCRN) to report $0.41 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Milacron Holdings Corp.’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.38. Milacron Holdings Corp. also posted earnings per share of $0.41 in the same quarter last year. The company is expected to issue its next earnings report on Thursday, July 27th.
On average, analysts expect that Milacron Holdings Corp. will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.62. For the next fiscal year, analysts forecast that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.66 to $1.84. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Milacron Holdings Corp..
Milacron Holdings Corp. (NYSE:MCRN) last released its earnings results on Thursday, April 27th. The industrial products company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Milacron Holdings Corp. had a negative return on equity of 52.73% and a negative net margin of 0.33%. The business had revenue of $285.40 million during the quarter, compared to analysts’ expectations of $270.31 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. BidaskClub upgraded Milacron Holdings Corp. from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, Robert W. Baird set a $23.00 price target on Milacron Holdings Corp. and gave the company a “buy” rating in a report on Wednesday, May 17th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $21.33.
Milacron Holdings Corp. (NYSE:MCRN) traded down 1.50% during midday trading on Thursday, reaching $19.04. The company had a trading volume of 73,762 shares. The stock’s market capitalization is $1.32 billion. The company has a 50-day moving average price of $17.86 and a 200-day moving average price of $18.13. Milacron Holdings Corp. has a one year low of $12.43 and a one year high of $19.45.
In other Milacron Holdings Corp. news, Director Ira G. Boots sold 29,644 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $18.31, for a total transaction of $542,781.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Gentilcore sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $19.14, for a total value of $287,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,349,774 shares of company stock worth $385,857,503. 3.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Milacron Holdings Corp. during the fourth quarter worth $15,285,000. State Street Corp increased its position in Milacron Holdings Corp. by 2.6% in the fourth quarter. State Street Corp now owns 222,615 shares of the industrial products company’s stock worth $4,144,000 after buying an additional 5,599 shares during the period. Levin Capital Strategies L.P. increased its position in Milacron Holdings Corp. by 6.8% in the fourth quarter. Levin Capital Strategies L.P. now owns 3,512,076 shares of the industrial products company’s stock worth $65,430,000 after buying an additional 223,972 shares during the period. Two Sigma Investments LP purchased a new position in Milacron Holdings Corp. during the fourth quarter worth $308,000. Finally, Wexford Capital LP purchased a new position in Milacron Holdings Corp. during the fourth quarter worth $506,000. Hedge funds and other institutional investors own 98.15% of the company’s stock.
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About Milacron Holdings Corp.
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.
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