Brokerages Expect Materion Corp (MTRN) to Announce $0.53 EPS

Equities analysts forecast that Materion Corp (NYSE:MTRN) will report earnings per share (EPS) of $0.53 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Materion’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.52. Materion posted earnings of $0.51 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The firm is scheduled to announce its next earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Materion will report full-year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.28. For the next year, analysts anticipate that the firm will post earnings of $2.45 per share, with EPS estimates ranging from $2.37 to $2.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Materion.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, October 25th. The basic materials company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate 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%.

A number of analysts recently weighed in on the stock. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Zacks Investment Research raised shares of Materion from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research note on Tuesday, October 30th.

In other Materion news, VP Gregory R. Chemnitz sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $57.50, for a total transaction of $230,000.00. Following the sale, the vice president now directly owns 8,523 shares of the company’s stock, valued at $490,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Materion during the second quarter valued at approximately $112,000. AMP Capital Investors Ltd bought a new stake in shares of Materion during the second quarter valued at approximately $201,000. GSA Capital Partners LLP bought a new stake in shares of Materion during the second quarter valued at approximately $203,000. New England Research & Management Inc. bought a new stake in shares of Materion during the third quarter valued at approximately $242,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Materion during the third quarter valued at approximately $303,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

NYSE MTRN traded down $0.11 on Wednesday, reaching $46.56. The company’s stock had a trading volume of 926 shares, compared to its average volume of 120,638. The stock has a market cap of $950.47 million, a P/E ratio of 26.89 and a beta of 1.13. Materion has a 52 week low of $42.50 and a 52 week high of $65.10. The company has a quick ratio of 1.64, a current ratio of 3.22 and a debt-to-equity ratio of 0.03.

About Materion

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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