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.

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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.

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