Materion (MTRN) Releases FY18 Earnings Guidance

Materion (NYSE:MTRN) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.95-2.10 for the period, compared to the Thomson Reuters consensus estimate of $1.98.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Materion from a strong-buy rating to a hold rating in a research report on Friday, January 12th. Jefferies Group reissued a hold rating and issued a $46.00 target price on shares of Materion in a research report on Tuesday, January 9th. ValuEngine cut shares of Materion from a buy rating to a hold rating in a research report on Friday, December 1st. KeyCorp reissued a hold rating on shares of Materion in a research report on Monday, November 13th. Finally, BidaskClub raised shares of Materion from a hold rating to a buy rating in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Materion presently has an average rating of Hold and a consensus target price of $51.00.

Materion (NYSE:MTRN) opened at $47.05 on Thursday. Materion has a 1-year low of $31.05 and a 1-year high of $53.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48. The company has a market cap of $924.00, a P/E ratio of 36.19 and a beta of 1.06.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, February 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 annualized dividend and a yield of 0.85%. Materion’s payout ratio is 30.77%.

In related news, Director Richard J. Hipple sold 4,364 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $49.64, for a total value of $216,628.96. Following the transaction, the director now owns 37,760 shares in the company, valued at $1,874,406.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig S. Shular sold 5,267 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total transaction of $277,728.91. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

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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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