Wall Street brokerages expect Materion Corp (NYSE:MTRN) to announce $0.79 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Materion’s earnings, with estimates ranging from $0.69 to $0.89. Materion posted earnings per share of $0.54 during the same quarter last year, which indicates a positive year-over-year growth rate of 46.3%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Materion will report full year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.25. For the next financial year, analysts expect that the business will report earnings of $3.32 per share, with EPS estimates ranging from $3.21 to $3.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Materion.
Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22. Materion had a return on equity of 10.20% and a net margin of 2.25%. The firm had revenue of $301.44 million during the quarter, compared to analysts’ expectations of $297.70 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.
Shares of MTRN traded up $0.19 during midday trading on Thursday, reaching $64.25. The stock had a trading volume of 3,686 shares, compared to its average volume of 145,772. The business has a 50-day moving average price of $64.62. Materion has a 12-month low of $42.50 and a 12-month high of $71.97. The company has a quick ratio of 1.61, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.30 billion, a P/E ratio of 26.97 and a beta of 0.94.
In other news, Director Vinod M. Khilnani sold 1,855 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $65.84, for a total value of $122,133.20. Following the completion of the sale, the director now owns 16,466 shares of the company’s stock, valued at approximately $1,084,121.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Craig S. Shular sold 4,127 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $63.08, for a total value of $260,331.16. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Materion by 3.2% in the 4th quarter. BlackRock Inc. now owns 3,091,415 shares of the basic materials company’s stock valued at $139,084,000 after acquiring an additional 95,302 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Materion by 4.5% during the 1st quarter. Acadian Asset Management LLC now owns 767,852 shares of the basic materials company’s stock worth $43,813,000 after buying an additional 33,243 shares in the last quarter. Norges Bank acquired a new stake in Materion during the 4th quarter worth approximately $20,752,000. Geode Capital Management LLC lifted its holdings in Materion by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 213,511 shares of the basic materials company’s stock worth $9,605,000 after buying an additional 17,693 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Materion by 636.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 206,264 shares of the basic materials company’s stock worth $11,769,000 after buying an additional 178,256 shares in the last quarter. 92.17% of the stock is owned by institutional investors.
Materion Company Profile
Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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