Wall Street analysts predict that Materion Corp (NYSE:MTRN) will report $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made 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 would suggest a positive year over year growth rate of 35.7%. The firm is scheduled to announce its next quarterly earnings results on Friday, February 16th.

According to Zacks, analysts expect that Materion will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.61. For the next financial year, analysts forecast that the company will report earnings of $2.17 per share, with EPS estimates ranging from $1.86 to $2.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Materion.

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

MTRN has been the subject of several recent research reports. ValuEngine downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. KeyCorp reiterated a “hold” rating on shares of Materion in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Jefferies Group reiterated a “hold” rating and issued a $36.00 target price on shares of Materion in a research note on Thursday, October 12th. Finally, BidaskClub downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $46.00.

In other news, VP Gregory R. Chemnitz sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $50.16, for a total value of $200,640.00. Following the completion of the transaction, the vice president now directly owns 13,245 shares in the company, valued at $664,369.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $49.60, for a total transaction of $148,800.00. Following the completion of the transaction, the vice president now owns 13,061 shares of the company’s stock, valued at $647,825.60. 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 quarter. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MTRN. Northern Trust Corp boosted its position in shares of Materion by 3.9% in the second quarter. Northern Trust Corp now owns 926,420 shares of the basic materials company’s stock valued at $34,648,000 after acquiring an additional 34,481 shares during the period. State Street Corp boosted its position in shares of Materion by 4.2% in the second quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock valued at $25,167,000 after acquiring an additional 26,973 shares during the period. Vanguard Group Inc. boosted its position in shares of Materion by 1.4% in the second quarter. Vanguard Group Inc. now owns 1,905,636 shares of the basic materials company’s stock valued at $71,271,000 after acquiring an additional 25,885 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Materion by 68.1% in the third quarter. Russell Investments Group Ltd. now owns 59,346 shares of the basic materials company’s stock valued at $2,561,000 after acquiring an additional 24,036 shares during the period. Finally, Algert Global LLC boosted its position in shares of Materion by 65.9% in the third quarter. Algert Global LLC now owns 59,198 shares of the basic materials company’s stock valued at $2,554,000 after acquiring an additional 23,512 shares during the period. Institutional investors own 89.99% of the company’s stock.

Materion (NYSE MTRN) remained flat at $$51.05 on Friday. The stock had a trading volume of 116,159 shares, compared to its average volume of 131,646. The stock has a market cap of $1,023.22, a PE ratio of 39.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48. Materion has a 1-year low of $31.05 and a 1-year high of $52.10.

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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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