Brokerages Expect Milacron Holdings Corp (MCRN) Will Post Earnings of $0.37 Per Share

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%.

Several brokerages have recently commented on MCRN. KeyCorp decreased their price objective on shares of Milacron from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 26th. ValuEngine downgraded shares of Milacron from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research downgraded shares of Milacron from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.00.

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).

Read More: How to Invest in Marijuana Stocks

Get a free copy of the Zacks research report on Milacron (MCRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Milacron (NYSE:MCRN)

Receive News & Ratings for Milacron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Milacron and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit