Wall Street analysts expect Materion Corp (NYSE:MTRN) to report earnings of $0.40 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Materion Corp’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.43. Materion Corp posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year over year growth rate of 29%. The company is expected to announce its next quarterly earnings report on Thursday, July 27th.
On average, analysts expect that Materion Corp 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 financial year, analysts expect that the company will post earnings of $2.03 per share, with EPS estimates ranging from $1.89 to $2.16. Zacks’ EPS calculations are an average based on a survey of research firms that follow Materion Corp.
Materion Corp (NYSE:MTRN) last issued its quarterly earnings data on Friday, April 28th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Materion Corp had a return on equity of 5.72% and a net margin of 2.71%. The business had revenue of $240.67 million during the quarter, compared to analyst estimates of $231.58 million. During the same period in the previous year, the firm earned $0.27 EPS. Materion Corp’s quarterly revenue was up 2.2% compared to the same quarter last year.
Several research analysts recently issued reports on MTRN shares. Jefferies Group LLC lifted their target price on Materion Corp from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, February 21st. Zacks Investment Research raised Materion Corp from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Saturday, February 18th.
In other Materion Corp news, insider Richard J. Hipple sold 12,000 shares of the business’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $32.11, for a total value of $385,320.00. Following the transaction, the insider now owns 121,602 shares of the company’s stock, valued at $3,904,640.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Richard J. Hipple sold 6,000 shares of the business’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $33.16, for a total value of $198,960.00. Following the completion of the transaction, the insider now directly owns 142,602 shares in the company, valued at approximately $4,728,682.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,230 shares of company stock worth $1,086,263. 3.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MTRN. Bank of Montreal Can boosted its position in Materion Corp by 9.7% in the third quarter. Bank of Montreal Can now owns 65,596 shares of the basic materials company’s stock valued at $2,015,000 after buying an additional 5,795 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in Materion Corp during the third quarter valued at $1,624,000. First Trust Advisors LP boosted its position in Materion Corp by 5.0% in the third quarter. First Trust Advisors LP now owns 10,853 shares of the basic materials company’s stock valued at $333,000 after buying an additional 514 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Materion Corp by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 336,748 shares of the basic materials company’s stock valued at $10,342,000 after buying an additional 11,942 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Materion Corp by 9.0% in the third quarter. BlackRock Fund Advisors now owns 1,427,393 shares of the basic materials company’s stock valued at $43,835,000 after buying an additional 118,024 shares in the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.
Materion Corp (NYSE:MTRN) opened at 34.85 on Tuesday. The firm has a market capitalization of $696.51 million, a price-to-earnings ratio of 30.33 and a beta of 1.28. The company has a 50 day moving average price of $33.98 and a 200 day moving average price of $36.12. Materion Corp has a 12 month low of $22.36 and a 12 month high of $41.22.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Wednesday, May 17th will be given a dividend of $0.10 per share. This is a boost from Materion Corp’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, May 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. Materion Corp’s payout ratio is presently 29.92%.
About Materion Corp
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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