Brokerages Anticipate Materion Corp (MTRN) Will Announce Earnings of $0.38 Per Share

Wall Street analysts expect Materion Corp (NYSE:MTRN) to report $0.38 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Materion’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.37. Materion reported 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 business 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 financial year, analysts expect that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.86 to $2.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Materion.

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

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, December 27th. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 target price on shares of Materion in a research note on Tuesday, January 9th. KeyCorp reaffirmed a “hold” rating on shares of Materion in a research note on Monday, November 13th. BidaskClub downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, ValuEngine downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Materion presently has an average rating of “Hold” and an average target price of $51.00.

Shares of Materion (NYSE:MTRN) traded down $1.05 during midday trading on Tuesday, hitting $52.35. 72,670 shares of the company traded hands, compared to its average volume of 134,400. The company has a current ratio of 3.42, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. Materion has a 12 month low of $31.05 and a 12 month high of $53.92. The stock has a market capitalization of $1,050.00, a P/E ratio of 40.27 and a beta of 1.09.

In related news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction on Monday, October 30th. The shares were sold at an average price of $49.60, for a total value of $148,800.00. Following the transaction, the vice president now directly owns 13,061 shares of the company’s stock, valued at $647,825.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gregory R. Chemnitz sold 4,000 shares of Materion stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $50.16, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,737 shares of company stock worth $2,698,625. 2.90% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Materion in the third quarter valued at $128,000. PNC Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 34 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Materion in the third quarter valued at $205,000. Crossmark Global Holdings Inc. bought a new stake in Materion in the third quarter valued at $266,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Materion in the second quarter valued at $280,000. Institutional investors and hedge funds own 89.98% 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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