Analysts Anticipate Milacron Holdings Corp (MCRN) Will Announce Earnings of $0.40 Per Share
Wall Street brokerages expect Milacron Holdings Corp (NYSE:MCRN) to post earnings per share of $0.40 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Milacron’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.42. Milacron posted earnings per share of $0.47 in the same quarter last year, which would suggest a negative year over year growth rate of 14.9%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Milacron will report full year earnings of $1.62 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.65. For the next year, analysts anticipate that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.62 to $1.80. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Milacron.
Milacron (NYSE:MCRN) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Milacron had a negative net margin of 0.09% and a negative return on equity of 56.93%. The company had revenue of $314.70 million for the quarter, compared to analysts’ expectations of $301.13 million. During the same period last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.
In other Milacron news, COO Ronald M. Krisanda sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $18.11, for a total value of $181,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Bruce A. Chalmers sold 8,600 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $18.18, for a total transaction of $156,348.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,184,634 shares of company stock worth $179,436,207 in the last quarter. 3.40% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Milacron by 555.5% in the second quarter. JPMorgan Chase & Co. now owns 33,432 shares of the industrial products company’s stock valued at $588,000 after buying an additional 28,332 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Milacron in the second quarter valued at approximately $1,159,000. FMR LLC acquired a new stake in Milacron in the second quarter valued at approximately $10,556,000. Renaissance Technologies LLC acquired a new stake in Milacron in the first quarter valued at approximately $1,628,000. Finally, AXA boosted its position in Milacron by 20.2% in the second quarter. AXA now owns 63,800 shares of the industrial products company’s stock valued at $1,122,000 after buying an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.
Milacron (MCRN) opened at $17.94 on Tuesday. Milacron has a fifty-two week low of $15.09 and a fifty-two week high of $19.57. The company has a market cap of $1,244.64, a P/E ratio of 10.61, a PEG ratio of 1.31 and a beta of 0.94. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41.
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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