Wall Street analysts expect that Materion Corp (NYSE:MTRN) will post sales of $288.17 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Materion’s earnings, with the highest sales estimate coming in at $296.70 million and the lowest estimate coming in at $281.00 million. Materion posted sales of $234.33 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 23%. The company is expected to issue its next earnings report on Friday, February 16th.

According to Zacks, analysts expect that Materion will report full-year sales of $288.17 million for the current fiscal year, with estimates ranging from $1.11 billion to $1.13 billion. For the next year, analysts anticipate that the business will post sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Materion.

Materion (NYSE:MTRN) last issued its earnings results 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. Materion had a return on equity of 6.08% and a net margin of 2.48%. The business had revenue of $294.27 million for the quarter, compared to analyst estimates of $290.96 million. During the same quarter last year, the company earned $0.46 EPS. The business’s quarterly revenue was up 17.9% on a year-over-year basis.

Several research analysts have commented on the company. BidaskClub lowered Materion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine lowered Materion from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Materion from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, September 27th. Jefferies Group reaffirmed a “hold” rating and set a $36.00 price target on shares of Materion in a research report on Thursday, October 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Materion in a research report on Monday, November 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $39.50.

Shares of Materion (MTRN) opened at $49.00 on Tuesday. 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 12-month low of $31.05 and a 12-month high of $52.10. The firm has a market capitalization of $981.13, a PE ratio of 32.85 and a beta of 1.07.

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

In related news, Director N Mohan Reddy sold 11,393 shares of Materion stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $50.11, for a total value of $570,903.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard J. Hipple sold 8,000 shares of Materion stock in a transaction that occurred 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 in the company, valued at $2,854,550. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,470 shares of company stock worth $2,420,896. Company insiders own 2.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of MTRN. SG Americas Securities LLC acquired a new position in Materion during the third quarter worth $128,000. State of Alaska Department of Revenue raised its holdings in Materion 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 worth $147,000 after purchasing an additional 1,749 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Materion by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 669 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Materion by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after purchasing an additional 34 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Materion during the third quarter worth $205,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

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Materion Company Profile

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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