$0.42 Earnings Per Share Expected for Milacron Holdings Corp. (MCRN) This Quarter
Wall Street brokerages expect Milacron Holdings Corp. (NYSE:MCRN) to announce $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Milacron Holdings Corp.’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.43. Milacron Holdings Corp. posted earnings of $0.36 per share during the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Milacron Holdings Corp. will report full-year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.63. For the next year, analysts anticipate that the firm will post earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Milacron Holdings Corp..
Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $309.20 million during the quarter, compared to the consensus estimate of $308.25 million. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share.
A number of research firms have recently commented on MCRN. BidaskClub downgraded Milacron Holdings Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. TheStreet upgraded Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $23.00 price objective on Milacron Holdings Corp. and gave the company a “buy” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.33.
In other news, CEO Thomas J. Goeke bought 65,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $15.41 per share, with a total value of $1,001,650.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Gentilcore sold 15,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $19.14, for a total value of $287,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,593,812 shares of company stock valued at $126,980,928. Insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MCRN. BNP Paribas Arbitrage SA boosted its position in shares of Milacron Holdings Corp. by 765.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 5,089 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Milacron Holdings Corp. in the 1st quarter valued at about $106,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Milacron Holdings Corp. by 5.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 6,297 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 300 shares during the period. American International Group Inc. boosted its position in shares of Milacron Holdings Corp. by 7.0% in the 1st quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 588 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Milacron Holdings Corp. in the 2nd quarter valued at about $185,000.
Shares of Milacron Holdings Corp. (MCRN) opened at 15.71 on Friday. The firm has a 50-day moving average price of $16.64 and a 200 day moving average price of $17.69. The firm’s market cap is $1.09 billion. Milacron Holdings Corp. has a one year low of $12.43 and a one year high of $19.57.
Milacron Holdings Corp. Company Profile
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.
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