$287.23 Million in Sales Expected for Materion Corporation (MTRN) This Quarter
Equities analysts forecast that Materion Corporation (NYSE:MTRN) will report sales of $287.23 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Materion Corporation’s earnings. The lowest sales estimate is $286.00 million and the highest is $288.45 million. Materion Corporation reported sales of $249.62 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.1%. The firm is expected to report its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Materion Corporation will report full-year sales of $287.23 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.12 billion. For the next financial year, analysts anticipate that the company will post sales of $1.16 billion per share, with estimates ranging from $1.14 billion to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Materion Corporation.
Materion Corporation (NYSE:MTRN) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $295.80 million for the quarter, compared to analyst estimates of $254.28 million. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS.
Several research analysts have recently issued reports on MTRN shares. Zacks Investment Research cut shares of Materion Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 26th. BidaskClub upgraded shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $34.00 price objective on shares of Materion Corporation in a report on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.67.
ILLEGAL ACTIVITY NOTICE: “$287.23 Million in Sales Expected for Materion Corporation (MTRN) This Quarter” was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/287-23-million-in-sales-expected-for-materion-corporation-mtrn-this-quarter/1480211.html.
Shares of Materion Corporation (MTRN) opened at 37.70 on Friday. Materion Corporation has a 52 week low of $27.20 and a 52 week high of $41.23. The stock’s 50 day moving average price is $37.83 and its 200 day moving average price is $36.05. The stock has a market cap of $755.43 million, a price-to-earnings ratio of 30.43 and a beta of 1.16.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, August 16th. Materion Corporation’s dividend payout ratio (DPR) is presently 32.26%.
In related news, insider Richard J. Hipple sold 2,500 shares of the firm’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 transaction of $85,425.00. Following the completion of the sale, the insider now directly owns 124,591 shares in the company, valued at $4,257,274.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s 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 sale, the vice president now owns 18,052 shares of the company’s stock, valued at $691,211.08. The disclosure for this sale can be found here. Insiders have sold 75,500 shares of company stock valued at $2,694,520 over the last 90 days. 2.90% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of MTRN. SG Americas Securities LLC acquired a new stake in shares of Materion Corporation during the first quarter worth $115,000. Victory Capital Management Inc. boosted its stake in shares of Materion Corporation by 50.5% in the first quarter. Victory Capital Management Inc. now owns 3,789 shares of the basic materials company’s stock worth $127,000 after buying an additional 1,271 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Materion Corporation by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 3,949 shares of the basic materials company’s stock worth $147,000 after buying an additional 1,749 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Materion Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 4,665 shares of the basic materials company’s stock worth $157,000 after buying an additional 308 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Materion Corporation during the first quarter worth $160,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Materion Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.