Wall Street analysts expect Materion Corporation (NYSE:MTRN) to report $0.39 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Materion Corporation’s earnings, with estimates ranging from $0.37 to $0.43. Materion Corporation reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 39.3%. The firm is expected to issue its next earnings results on Friday, February 16th.

According to Zacks, analysts expect that Materion Corporation will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.60. For the next year, analysts forecast that the business will post earnings of $2.04 per share, with EPS estimates ranging from $1.75 to $2.50. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Materion Corporation.

Materion Corporation (NYSE:MTRN) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. The firm had revenue of $294.27 million for the quarter, compared to analyst estimates of $290.96 million. Materion Corporation had a net margin of 2.48% and a return on equity of 6.08%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share.

MTRN has been the topic of several analyst reports. BidaskClub upgraded shares of Materion Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded 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. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price target on shares of Materion Corporation in a research note on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of Materion Corporation in a research note on Monday.

Materion Corporation (NYSE MTRN) traded down $1.05 during trading hours on Tuesday, hitting $50.50. 84,900 shares of the stock were exchanged, compared to its average volume of 91,384. The firm has a market capitalization of $1,033.24, a price-to-earnings ratio of 34.60 and a beta of 1.11. Materion Corporation has a 1 year low of $31.05 and a 1 year high of $52.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, November 7th. Materion Corporation’s dividend payout ratio (DPR) is presently 30.77%.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/analysts-expect-materion-corporation-mtrn-will-announce-earnings-of-0-39-per-share/1703460.html.

In related news, VP Gregory R. Chemnitz sold 4,000 shares of Materion Corporation stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $50.16, for a total value of $200,640.00. Following the completion of the transaction, the vice president now owns 13,245 shares in the company, valued at $664,369.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $49.60, for a total transaction of $148,800.00. Following the transaction, the vice president now owns 13,061 shares of the company’s stock, valued at approximately $647,825.60. The disclosure for this sale can be found here. Insiders have sold 26,393 shares of company stock worth $1,320,343 over the last ninety days. 2.90% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. acquired a new position in Materion Corporation during the 2nd quarter worth approximately $280,000. Virginia Retirement Systems ET AL lifted its position in shares of Materion Corporation by 156.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 32,800 shares of the basic materials company’s stock worth $1,227,000 after buying an additional 20,000 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Materion Corporation by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 34,431 shares of the basic materials company’s stock worth $1,155,000 after buying an additional 200 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Materion Corporation during the 1st quarter worth approximately $359,000. Finally, New York State Teachers Retirement System raised its position in Materion Corporation by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 74,742 shares of the basic materials company’s stock valued at $2,508,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 88.89% 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.

Get a free copy of the Zacks research report on Materion Corporation (MTRN)

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.