Brokerages Expect Materion Corp (MTRN) Will Post Quarterly Sales of $288.17 Million

Equities research analysts predict that Materion Corp (NYSE:MTRN) will announce sales of $288.17 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Materion’s earnings, with estimates ranging from $281.00 million to $296.70 million. Materion reported sales of $234.33 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 23%. The company is scheduled to report its next earnings report on Friday, February 16th.

According to Zacks, analysts expect that Materion will report full-year sales of $288.17 million for the current fiscal year, with estimates ranging from $1.11 billion to $1.13 billion. For the next financial year, analysts expect that the company will post sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Materion.

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

Several brokerages recently issued reports on MTRN. BidaskClub raised Materion from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and set a $36.00 price objective on shares of Materion in a report on Thursday, October 12th. ValuEngine cut Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. KeyCorp reaffirmed a “hold” rating on shares of Materion in a report on Monday, November 13th. Finally, Zacks Investment Research cut Materion from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $51.00.

Shares of Materion (MTRN) traded up $0.15 during mid-day trading on Thursday, reaching $50.50. The company had a trading volume of 123,217 shares, compared to its average volume of 136,527. The firm has a market capitalization of $1,010.00, a PE ratio of 38.85 and a beta of 1.09. Materion has a 52-week low of $31.05 and a 52-week high of $53.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42.

In other news, Director N Mohan Reddy sold 11,393 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $50.11, for a total value of $570,903.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $49.60, for a total value of $148,800.00. Following the completion of the transaction, the vice president now directly owns 13,061 shares of the company’s stock, valued at $647,825.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,737 shares of company stock valued at $2,698,625. 2.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in shares of Materion in the fourth quarter worth $694,000. James Investment Research Inc. acquired a new position in Materion in the fourth quarter valued at $1,628,000. Acadian Asset Management LLC increased its stake in Materion by 127.1% in the fourth quarter. Acadian Asset Management LLC now owns 315,510 shares of the basic materials company’s stock valued at $15,335,000 after purchasing an additional 176,602 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Materion by 8.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 205,946 shares of the basic materials company’s stock valued at $10,009,000 after purchasing an additional 15,838 shares during the last quarter. Finally, Algert Global LLC increased its stake in 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 purchasing an additional 23,512 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

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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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