Wall Street analysts predict that Materion Corp (NYSE:MTRN) will post earnings of $0.55 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Materion’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.56. Materion posted earnings of $0.50 per share during the same quarter last year, which suggests a positive year over year growth rate of 10%. The business is expected to report its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Materion will report full year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.18. For the next fiscal year, analysts anticipate that the company will report earnings of $2.46 per share, with EPS estimates ranging from $2.41 to $2.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Materion.
Materion (NYSE:MTRN) last announced its earnings results on Thursday, July 26th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Materion had a net margin of 1.88% and a return on equity of 8.30%. The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $311.90 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue was up 4.5% compared to the same quarter last year.
Shares of NYSE:MTRN opened at $59.26 on Monday. Materion has a 12-month low of $42.10 and a 12-month high of $65.10. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 34.45 and a beta of 0.94. The company has a current ratio of 3.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.04.
In related news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $63.31, for a total value of $126,620.00. Following the completion of the transaction, the vice president now owns 12,523 shares of the company’s stock, valued at approximately $792,831.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joseph P. Kelley acquired 2,923 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was bought at an average cost of $63.74 per share, with a total value of $186,312.02. The disclosure for this purchase can be found here. 1.40% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. New England Research & Management Inc. bought a new position in Materion in the 3rd quarter valued at approximately $242,000. United Services Automobile Association lifted its stake in Materion by 21.2% in the 2nd quarter. United Services Automobile Association now owns 83,410 shares of the basic materials company’s stock valued at $4,517,000 after purchasing an additional 14,603 shares during the last quarter. Northern Trust Corp lifted its stake in Materion by 2.8% in the 2nd quarter. Northern Trust Corp now owns 906,794 shares of the basic materials company’s stock valued at $49,103,000 after purchasing an additional 24,404 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Materion by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,991 shares of the basic materials company’s stock valued at $17,490,000 after purchasing an additional 12,600 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Materion by 16.7% in the 2nd quarter. California Public Employees Retirement System now owns 47,039 shares of the basic materials company’s stock valued at $2,547,000 after purchasing an additional 6,720 shares during the last quarter. 89.49% of the stock is owned by institutional investors and hedge funds.
Materion Company Profile
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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