Zacks: Brokerages Expect Materion Corp (MTRN) Will Post Earnings of $0.38 Per Share

Equities research analysts forecast that Materion Corp (NYSE:MTRN) will post $0.38 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Materion’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.40. Materion posted earnings of $0.28 per share in the same quarter last year, which indicates a positive year over year growth rate of 35.7%. The firm is scheduled to report its next quarterly earnings report on Friday, February 16th.

On average, analysts expect that Materion will report full-year earnings of $1.60 per share for the current financial year, with EPS estimates ranging from $1.59 to $1.61. For the next year, analysts anticipate that the company will report earnings of $2.17 per share, with EPS estimates ranging from $1.86 to $2.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Materion.

Materion (NYSE:MTRN) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.10. The business had revenue of $294.27 million during the quarter, compared to analyst estimates of $290.96 million. Materion had a return on equity of 6.08% and a net margin of 2.48%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Materion 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. KeyCorp reissued a “hold” rating on shares of Materion in a research note on Monday, November 13th. BidaskClub lowered Materion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. ValuEngine lowered Materion from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Group reissued a “hold” rating and set a $36.00 price objective on shares of Materion in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.50.

Shares of Materion (NYSE MTRN) opened at $48.95 on Friday. The firm has a market capitalization of $981.10, a price-to-earnings ratio of 32.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. Materion has a one year low of $31.05 and a one year high of $52.10.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 8th were issued a $0.10 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. Materion’s payout ratio is currently 30.77%.

In other news, Director Richard J. Hipple sold 4,364 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total value of $216,628.96. Following the completion of the sale, the director now owns 37,760 shares in the company, valued at $1,874,406.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Hipple sold 8,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total value of $400,000.00. Following the completion of the sale, the director now owns 57,091 shares of the company’s stock, valued at approximately $2,854,550. The disclosure for this sale can be found here. Insiders sold 48,470 shares of company stock valued at $2,420,896 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Materion in the third quarter valued at $128,000. State of Alaska Department of Revenue lifted its holdings in shares of Materion by 79.5% in 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 purchasing an additional 1,749 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Materion by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 669 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Materion by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 34 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Materion in the third quarter valued at $205,000. Institutional investors own 90.02% of the company’s stock.

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About Materion

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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