Equities research analysts expect Materion Corporation (NYSE:MTRN) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Materion Corporation’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.38. Materion Corporation reported earnings of $0.31 per share in the same quarter last year, which indicates a positive year over year growth rate of 29%. The firm is expected to announce its next earnings report before the market opens on Thursday, July 27th.
On average, analysts expect that Materion Corporation will report full-year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.58. For the next year, analysts forecast that the business will post earnings of $2.03 per share, with EPS estimates ranging from $1.89 to $2.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Materion Corporation.
Materion Corporation (NYSE:MTRN) last issued its earnings results on Friday, April 28th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Materion Corporation had a net margin of 2.40% and a return on equity of 5.50%. The firm had revenue of $240.67 million for the quarter, compared to analysts’ expectations of $231.58 million. During the same quarter last year, the company posted $0.27 earnings per share. Materion Corporation’s revenue was up 2.2% on a year-over-year basis.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Materion Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and set a $34.00 price target on shares of Materion Corporation in a research note on Friday, July 7th.
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Shares of Materion Corporation (NYSE MTRN) traded up 0.53% during trading on Monday, reaching $38.00. 54,040 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $36.84 and a 200-day moving average price of $36.15. The company has a market capitalization of $759.47 million, a PE ratio of 33.07 and a beta of 1.15. Materion Corporation has a 52-week low of $24.75 and a 52-week high of $41.22.
In other Materion Corporation news, insider Richard J. Hipple sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $34.17, for a total value of $85,425.00. Following the completion of the sale, the insider now owns 124,591 shares of the company’s stock, valued at $4,257,274.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard J. Hipple sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $33.95, for a total transaction of $169,750.00. Following the completion of the sale, the insider now directly owns 109,591 shares of the company’s stock, valued at approximately $3,720,614.45. The disclosure for this sale can be found here. Insiders sold 72,500 shares of company stock valued at $2,579,650 in the last ninety days. Insiders own 2.90% of the company’s stock.
A number of large investors have recently modified their holdings of MTRN. State Board of Administration of Florida Retirement System boosted its position in Materion Corporation by 15.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,630 shares of the basic materials company’s stock valued at $461,000 after buying an additional 1,520 shares during the period. Comerica Bank boosted its position in Materion Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 21,281 shares of the basic materials company’s stock valued at $842,000 after buying an additional 1,151 shares during the period. GSA Capital Partners LLP bought a new position in Materion Corporation during the fourth quarter valued at $321,000. Two Sigma Investments LP bought a new position in Materion Corporation during the fourth quarter valued at $401,000. Finally, Norges Bank bought a new position in Materion Corporation during the fourth quarter valued at $16,167,000. 89.63% of the stock is owned by hedge funds and other institutional investors.
About Materion Corporation
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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