Analysts expect that Milacron Holdings Corp (NYSE:MCRN) will post $0.39 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for Milacron’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.38. Milacron posted earnings of $0.47 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 17%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 20th.
On average, analysts expect that Milacron will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.63. For the next fiscal year, analysts forecast that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.62 to $1.88. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Milacron.
Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.20. The business had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $302.91 million. Milacron had a negative return on equity of 56.93% and a negative net margin of 0.09%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS.
Shares of Milacron (NYSE:MCRN) traded up $1.43 during trading on Friday, hitting $20.18. The stock had a trading volume of 82,204 shares, compared to its average volume of 374,817. The firm has a market cap of $1,300.00 and a PE ratio of -625.00. Milacron has a fifty-two week low of $15.09 and a fifty-two week high of $20.63. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41.
In other news, Director Ira G. Boots sold 43,077 shares of Milacron stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $18.25, for a total transaction of $786,155.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ronald M. Krisanda sold 10,000 shares of Milacron stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $18.24, for a total transaction of $182,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,355 shares of company stock worth $2,842,739. Corporate insiders own 3.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in Milacron by 3.3% in the second quarter. Stifel Financial Corp now owns 75,418 shares of the industrial products company’s stock valued at $1,326,000 after purchasing an additional 2,404 shares during the period. SG Americas Securities LLC raised its position in Milacron by 58.1% in the fourth quarter. SG Americas Securities LLC now owns 9,516 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 3,497 shares during the period. US Bancorp DE raised its position in Milacron by 95.8% in the fourth quarter. US Bancorp DE now owns 12,948 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 6,335 shares during the period. Ameriprise Financial Inc. raised its position in Milacron by 5.5% in the third quarter. Ameriprise Financial Inc. now owns 128,407 shares of the industrial products company’s stock valued at $2,165,000 after purchasing an additional 6,647 shares during the period. Finally, California State Teachers Retirement System raised its position in Milacron by 9.4% in the third quarter. California State Teachers Retirement System now owns 87,067 shares of the industrial products company’s stock valued at $1,468,000 after purchasing an additional 7,513 shares during the period.
Milacron Company Profile
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.
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