Wall Street analysts expect Materion Corporation (NYSE:MTRN) to report $0.39 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Materion Corporation’s earnings, with estimates ranging from $0.37 to $0.43. Materion Corporation reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 39.3%. The firm is expected to issue its next earnings results on Friday, February 16th.
According to Zacks, analysts expect that Materion Corporation will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.60. For the next year, analysts forecast that the business will post earnings of $2.04 per share, with EPS estimates ranging from $1.75 to $2.50. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Materion Corporation.
Materion Corporation (NYSE:MTRN) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. The firm had revenue of $294.27 million for the quarter, compared to analyst estimates of $290.96 million. Materion Corporation had a net margin of 2.48% and a return on equity of 6.08%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share.
MTRN has been the topic of several analyst reports. BidaskClub upgraded shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Materion Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, September 27th. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price target on shares of Materion Corporation in a research note on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Materion Corporation in a research note on Monday.
Materion Corporation (NYSE MTRN) traded down $1.05 during trading hours on Tuesday, hitting $50.50. 84,900 shares of the stock were exchanged, compared to its average volume of 91,384. The firm has a market capitalization of $1,033.24, a price-to-earnings ratio of 34.60 and a beta of 1.11. Materion Corporation has a 1 year low of $31.05 and a 1 year high of $52.10. 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 also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, November 7th. Materion Corporation’s dividend payout ratio (DPR) is presently 30.77%.
In related news, VP Gregory R. Chemnitz sold 4,000 shares of Materion Corporation 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 owns 13,245 shares in the company, valued at $664,369.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $49.60, for a total transaction of $148,800.00. Following the transaction, the vice president now owns 13,061 shares of the company’s stock, valued at approximately $647,825.60. The disclosure for this sale can be found here. Insiders have sold 26,393 shares of company stock worth $1,320,343 over the last ninety days. 2.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. acquired a new position in Materion Corporation during the 2nd quarter worth approximately $280,000. Virginia Retirement Systems ET AL lifted its position in shares of Materion Corporation by 156.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 32,800 shares of the basic materials company’s stock worth $1,227,000 after buying an additional 20,000 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Materion Corporation by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 34,431 shares of the basic materials company’s stock worth $1,155,000 after buying an additional 200 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Materion Corporation during the 1st quarter worth approximately $359,000. Finally, New York State Teachers Retirement System raised its position in Materion Corporation by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 74,742 shares of the basic materials company’s stock valued at $2,508,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
About Materion Corporation
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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