Milacron (MCRN) Set to Announce Earnings on Thursday

Milacron (NYSE:MCRN) will be posting its quarterly earnings results before the market opens on Thursday, April 26th. Analysts expect Milacron to post earnings of $0.38 per share for the quarter.

Milacron (NYSE:MCRN) last announced its earnings results on Tuesday, February 20th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. Milacron had a negative return on equity of 62.36% and a net margin of 0.09%. The firm had revenue of $324.90 million during the quarter, compared to analyst estimates of $302.91 million. During the same period last year, the firm posted $0.47 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. On average, analysts expect Milacron to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Milacron stock opened at $20.36 on Thursday. Milacron has a 1 year low of $15.09 and a 1 year high of $22.62. The firm has a market cap of $1,377.80, a PE ratio of 12.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.62. The company has a quick ratio of 1.43, a current ratio of 2.30 and a debt-to-equity ratio of -5.90.

In related news, CEO Thomas J. Goeke sold 7,800 shares of Milacron stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $21.09, for a total value of $164,502.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce A. Chalmers sold 2,054 shares of Milacron stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $21.12, for a total value of $43,380.48. The disclosure for this sale can be found here. In the last three months, insiders sold 71,543 shares of company stock valued at $1,447,436. 2.70% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on the company. TheStreet lowered Milacron from a “b” rating to a “c” rating in a research report on Friday, January 26th. Zacks Investment Research lowered Milacron from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. KeyCorp reissued a “buy” rating and issued a $24.00 price objective on shares of Milacron in a report on Friday, February 23rd. Finally, ValuEngine raised Milacron from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.00.

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Milacron Company Profile

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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