Materion Corp. (MTRN) Issues Q3 Earnings Guidance
Materion Corp. (NASDAQ:MTRN) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of ~$0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39, Analyst Ratings Net reports. Materion Corp. also updated its Q4 guidance to exceeding $0.43 EPS.
Materion Corp. (NASDAQ:MTRN) opened at 32.32 on Monday. Materion Corp. has a 52 week low of $18.84 and a 52 week high of $33.69. The stock’s 50-day moving average is $31.30 and its 200-day moving average is $29.3. The company has a market cap of $665.3 million and a P/E ratio of 25.63.
Materion Corp. (NASDAQ:MTRN) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $306.10 million for the quarter, compared to the consensus estimate of $323.65 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis.
Materion Corporation, formerly Brush Engineered Materials Inc, is a holding Company. The Company, through its wholly owned subsidiaries, is an integrated producer of advanced engineered materials used in a variety of electrical, electronic, thermal and structural applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.