Materion Corp. (MTRN) Issues FY13 Earnings Guidance
Materion Corp. (NASDAQ:MTRN) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $1.20-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41, Analyst Ratings Net reports. Materion Corp. also updated its FY14 guidance to $1.75-1.95 EPS.
A number of analysts have recently weighed in on MTRN shares. Analysts at Zacks upgraded shares of Materion Corp. from an underperform rating to a neutral rating in a research note to investors on Monday, December 9th. They now have a $28.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Materion Corp. currently has a consensus rating of Hold and a consensus price target of $32.83.
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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