Wall Street brokerages expect Milacron Holdings Corp (NYSE:MCRN) to announce earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Milacron’s earnings, with estimates ranging from $0.27 to $0.42. Milacron reported earnings per share of $0.47 during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.3%. The business is scheduled to issue its next earnings report on Tuesday, February 19th.
On average, analysts expect that Milacron will report full year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.57 to $1.72. For the next year, analysts anticipate that the company will report earnings of $1.91 per share, with EPS estimates ranging from $1.79 to $2.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Milacron.
Milacron (NYSE:MCRN) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm had revenue of $308.30 million for the quarter, compared to the consensus estimate of $320.00 million. Milacron had a net margin of 3.07% and a negative return on equity of 87.32%.
Shares of MCRN stock traded up $0.32 on Friday, hitting $14.25. 432,205 shares of the stock traded hands, compared to its average volume of 377,669. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.07 and a beta of 1.28. Milacron has a 52 week low of $13.66 and a 52 week high of $22.62.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in Milacron by 15.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 87,311 shares of the industrial products company’s stock valued at $1,653,000 after acquiring an additional 11,631 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Milacron by 13.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,880,110 shares of the industrial products company’s stock valued at $130,241,000 after acquiring an additional 808,629 shares during the last quarter. Trexquant Investment LP increased its holdings in Milacron by 76.9% in the 2nd quarter. Trexquant Investment LP now owns 18,887 shares of the industrial products company’s stock valued at $358,000 after acquiring an additional 8,213 shares during the last quarter. Citadel Advisors LLC increased its holdings in Milacron by 66.0% in the 2nd quarter. Citadel Advisors LLC now owns 227,783 shares of the industrial products company’s stock valued at $4,311,000 after acquiring an additional 90,603 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Milacron in the 3rd quarter valued at $20,382,000.
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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