Wall Street analysts forecast that Materion Corp (NYSE:MTRN) will announce earnings of $0.55 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Materion’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.57. Materion reported earnings of $0.51 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The business is expected to issue its next earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Materion will report full-year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.25 to $2.30. For the next financial year, analysts anticipate that the firm will post earnings of $2.53 per share, with EPS estimates ranging from $2.49 to $2.60. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Materion.
Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The business had revenue of $297.19 million for the quarter, compared to analysts’ expectations of $307.70 million. Materion had a net margin of 2.74% and a return on equity of 8.94%.
Materion stock traded up $0.61 during mid-day trading on Friday, reaching $52.88. The company had a trading volume of 126,873 shares, compared to its average volume of 102,836. Materion has a fifty-two week low of $44.95 and a fifty-two week high of $65.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.22 and a quick ratio of 1.64. The firm has a market capitalization of $1.06 billion, a P/E ratio of 30.74 and a beta of 1.03.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 8th will be given a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.42 dividend on an annualized basis and a yield of 0.79%. Materion’s dividend payout ratio is currently 24.42%.
In other Materion news, VP Gregory R. Chemnitz sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $57.50, for a total value of $230,000.00. Following the sale, the vice president now owns 8,523 shares in the company, valued at $490,072.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in Materion by 2.5% in the third quarter. BlackRock Inc. now owns 2,996,113 shares of the basic materials company’s stock valued at $181,265,000 after buying an additional 72,514 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Materion by 3.8% during the third quarter. Vanguard Group Inc. now owns 2,099,990 shares of the basic materials company’s stock worth $127,050,000 after purchasing an additional 77,515 shares during the period. Northern Trust Corp lifted its holdings in shares of Materion by 2.8% during the second quarter. Northern Trust Corp now owns 906,794 shares of the basic materials company’s stock worth $49,103,000 after purchasing an additional 24,404 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Materion by 10.2% during the third quarter. Acadian Asset Management LLC now owns 699,739 shares of the basic materials company’s stock worth $42,333,000 after purchasing an additional 64,653 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Materion by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 338,347 shares of the basic materials company’s stock worth $20,471,000 after purchasing an additional 15,356 shares during the period. Hedge funds and other institutional investors own 91.21% of the company’s stock.
Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates through Performance Alloys and Composites, Advanced Materials, and Precision Coatings segments.
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