Brokerages Anticipate Materion Corporation (MTRN) to Announce $0.38 Earnings Per Share
Wall Street analysts expect that Materion Corporation (NYSE:MTRN) will post $0.38 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Materion Corporation’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.35. Materion Corporation posted earnings per share of $0.46 during the same quarter last year, which indicates a negative year-over-year growth rate of 17.4%. The company is expected to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that Materion Corporation will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.45 to $1.55. For the next fiscal year, analysts expect that the firm will post earnings of $1.86 per share, with EPS estimates ranging from $1.75 to $1.94. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Materion Corporation.
Materion Corporation (NYSE:MTRN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. The firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $254.28 million. During the same quarter last year, the business earned $0.31 EPS. The company’s revenue was up 18.4% compared to the same quarter last year.
A number of research firms have recently weighed in on MTRN. BidaskClub raised Materion Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research raised Materion Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, September 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $34.00 price objective on shares of Materion Corporation in a research note on Friday, July 7th.
In related news, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.29, for a total transaction of $114,870.00. Following the completion of the transaction, the vice president now owns 18,052 shares in the company, valued at $691,211.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in MTRN. SG Americas Securities LLC bought a new position in shares of Materion Corporation during the first quarter valued at approximately $115,000. Victory Capital Management Inc. raised its holdings in shares of Materion Corporation by 50.5% during the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 1,271 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Materion Corporation by 79.5% during the second quarter. State of Alaska Department of Revenue now owns 3,949 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 1,749 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Materion Corporation by 7.1% during the first quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock valued at $157,000 after acquiring an additional 308 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Materion Corporation during the first quarter valued at approximately $160,000. Institutional investors own 90.80% of the company’s stock.
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Materion Corporation (NYSE:MTRN) traded down 0.23% on Friday, reaching $43.35. 15,841 shares of the company’s stock traded hands. The firm has a market cap of $868.65 million, a PE ratio of 34.99 and a beta of 1.14. The firm’s 50-day moving average is $39.24 and its 200 day moving average is $36.71. Materion Corporation has a 12 month low of $28.50 and a 12 month high of $44.80.
About Materion Corporation
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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