Materion Corp. (MTRN) Issues Q4 Earnings Guidance
Materion Corp. (NASDAQ:MTRN) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of exceeding $0.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57, Analyst Ratings News reports. Materion Corp. also updated its Q3 guidance to ~$0.20 EPS.
Shares of Materion Corp. (NASDAQ:MTRN) opened at 32.32 on Monday. Materion Corp. has a 1-year low of $18.84 and a 1-year high of $33.69. The stock has a 50-day moving average of $31.30 and a 200-day moving average of $29.3. The company has a market cap of $665.3 million and a price-to-earnings ratio of 25.63.
Materion Corp. (NASDAQ:MTRN) last released its earnings data on Friday, July 26th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.38 earnings per share. Materion Corp.’s revenue was down 5.8% compared to the same quarter last year.
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.
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