News stories about Materion (NYSE:MTRN) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Materion earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.9766617743314 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Materion (NYSE MTRN) remained flat at $$53.70 during trading hours on Monday. The company’s stock had a trading volume of 4,463 shares, compared to its average volume of 116,891. Materion has a one year low of $31.05 and a one year high of $54.05. The company has a quick ratio of 1.50, a current ratio of 3.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1,080.23, a price-to-earnings ratio of 95.77 and a beta of 1.01.
Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.13. Materion had a net margin of 1.00% and a return on equity of 6.95%. The business had revenue of $308.67 million during the quarter, compared to the consensus estimate of $285.50 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. analysts expect that Materion will post 2.08 earnings per share for the current year.
MTRN has been the subject of several research reports. KeyCorp reiterated a “hold” rating on shares of Materion in a research note on Monday, November 13th. ValuEngine downgraded shares of Materion from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, December 27th. Jefferies Group reiterated a “hold” rating and set a $46.00 price objective on shares of Materion in a research note on Tuesday, January 9th. Finally, TheStreet downgraded shares of Materion from a “b” rating to a “c+” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.00.
In related news, Director Craig S. Shular sold 5,267 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total transaction of $277,728.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph P. Kelley sold 2,419 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $51.43, for a total transaction of $124,409.17. The disclosure for this sale can be found here. Insiders have sold 15,686 shares of company stock valued at $806,938 over the last 90 days. 2.90% of the stock is currently owned by insiders.
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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