Media coverage about Materion Corporation (NYSE:MTRN) has trended somewhat positive on Thursday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Materion Corporation earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.4043689123996 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Materion Corporation (NYSE MTRN) opened at 43.00 on Thursday. The stock has a market capitalization of $861.63 million, a P/E ratio of 34.71 and a beta of 1.14. Materion Corporation has a 52-week low of $28.50 and a 52-week high of $44.80. The stock has a 50 day moving average of $39.90 and a 200 day moving average of $37.04.
Materion Corporation (NYSE:MTRN) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $254.28 million. During the same period in the prior year, the business earned $0.31 EPS. Materion Corporation’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities research analysts forecast that Materion Corporation will post $1.52 EPS for the current year.
Several research analysts have recently weighed in on MTRN shares. Zacks Investment Research raised shares of Materion Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, September 27th. BidaskClub raised shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $34.00 target price on shares of Materion Corporation in a research report on Friday, July 7th.
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In related news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.29, for a total transaction of $114,870.00. Following the completion of the sale, the vice president now directly owns 18,052 shares of the company’s stock, valued at approximately $691,211.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.
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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