Analysts expect Materion Corp (NYSE:MTRN) to announce earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Materion’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.87. Materion reported earnings per share of $0.68 during the same quarter last year, which would suggest a positive year over year growth rate of 20.6%. The business is scheduled to issue its next earnings results on Thursday, October 24th.
On average, analysts expect that Materion will report full-year earnings of $3.29 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $3.40. For the next financial year, analysts anticipate that the company will report earnings of $3.51 per share, with EPS estimates ranging from $3.40 to $3.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Materion.
Materion (NYSE:MTRN) last announced its earnings results on Thursday, July 25th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. Materion had a net margin of 2.64% and a return on equity of 11.08%. The company had revenue of $297.84 million for the quarter, compared to analysts’ expectations of $306.43 million. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.
Several equities research analysts have issued reports on MTRN shares. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Wednesday, July 31st. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th.
MTRN traded down $0.67 on Tuesday, hitting $66.22. 96,794 shares of the company’s stock were exchanged, compared to its average volume of 126,193. Materion has a fifty-two week low of $42.50 and a fifty-two week high of $71.97. The company has a current ratio of 3.63, a quick ratio of 1.93 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $60.61 and a 200-day moving average price of $61.62. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 27.82 and a beta of 0.92.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.44 annualized dividend and a dividend yield of 0.66%. Materion’s payout ratio is 18.49%.
Several hedge funds have recently made changes to their positions in MTRN. Nuveen Asset Management LLC acquired a new position in shares of Materion during the 2nd quarter valued at about $26,938,000. BlackRock Inc. boosted its position in shares of Materion by 5.8% during the 2nd quarter. BlackRock Inc. now owns 3,266,269 shares of the basic materials company’s stock valued at $221,486,000 after acquiring an additional 178,493 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Materion by 54.4% during the 2nd quarter. Renaissance Technologies LLC now owns 264,800 shares of the basic materials company’s stock valued at $17,956,000 after acquiring an additional 93,300 shares during the last quarter. Morgan Stanley boosted its position in shares of Materion by 69.0% during the 2nd quarter. Morgan Stanley now owns 173,383 shares of the basic materials company’s stock valued at $11,759,000 after acquiring an additional 70,773 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Materion by 89.1% during the 2nd quarter. Fisher Asset Management LLC now owns 145,777 shares of the basic materials company’s stock valued at $9,885,000 after acquiring an additional 68,684 shares during the last quarter. 87.58% of the stock is currently owned by hedge funds and other institutional investors.
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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