Materion Corp (MTRN) to Release Quarterly Earnings on Thursday
Materion Corp (NYSE:MTRN) is scheduled to issue its Q214 quarterly earnings data on Thursday, July 24th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $172.48 million for the quarter.
Shares of Materion Corp (NYSE:MTRN) opened at 37.18 on Wednesday. Materion Corp has a 52-week low of $25.21 and a 52-week high of $39.38. The stock’s 50-day moving average is $36.77 and its 200-day moving average is $32.85. The company has a market cap of $765.7 million and a P/E ratio of 38.53.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.92%.
MTRN has been the subject of a number of recent research reports. Analysts at KeyCorp downgraded shares of Materion Corp from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $36.00 price target on the stock. Finally, analysts at Davidson raised their price target on shares of Materion Corp from $41.00 to $43.00 in a research note on Friday, April 25th.
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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