Materion Corp. (MTRN) Releases FY14 Earnings Guidance
Materion Corp. (NASDAQ:MTRN) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.75-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.98, Analyst RN reports. Materion Corp. also updated its FY13 guidance to $1.20-1.25 EPS.
Materion Corp. (NASDAQ:MTRN) opened at 29.57 on Tuesday. Materion Corp. has a one year low of $24.58 and a one year high of $33.69. The stock has a 50-day moving average of $28.66 and a 200-day moving average of $29.78. The company has a market cap of $609.7 million and a P/E ratio of 26.35.
MTRN has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Materion Corp. has a consensus rating of Hold and an average target price 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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