Milacron Holdings Corp (NYSE:MCRN) hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The company traded as high as $20.18 and last traded at $20.10, with a volume of 355424 shares traded. The stock had previously closed at $18.75.
The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.20. The company had revenue of $324.90 million for the quarter, compared to analyst estimates of $302.91 million. Milacron had a negative return on equity of 56.93% and a negative net margin of 0.09%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share.
Several equities analysts have issued reports on MCRN shares. Zacks Investment Research raised Milacron from a “sell” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub lowered Milacron from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised Milacron from a “c” rating to a “b” rating in a report on Wednesday, December 13th. Finally, ValuEngine raised Milacron from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.00.
In related news, insider Ronald M. Krisanda sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $18.24, for a total transaction of $182,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ira G. Boots sold 33,689 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.80, for a total value of $633,353.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,355 shares of company stock worth $2,842,739. Corporate insiders own 3.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Milacron in the third quarter valued at about $101,000. Quantbot Technologies LP acquired a new stake in Milacron in the third quarter valued at about $132,000. OppenheimerFunds Inc. acquired a new stake in Milacron in the fourth quarter valued at about $201,000. PNC Financial Services Group Inc. acquired a new stake in Milacron in the second quarter valued at about $186,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in Milacron in the second quarter valued at about $201,000.
The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.31 and a current ratio of 2.39. The firm has a market capitalization of $1,300.00 and a PE ratio of -681.67.
Milacron Company Profile
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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