Equities analysts predict that Materion Corp (NYSE:MTRN) will report $0.51 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Materion’s earnings. Materion posted earnings of $0.42 per share during the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The business is scheduled to announce its next earnings report on Thursday, July 26th.

According to Zacks, analysts expect that Materion will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.18. For the next year, analysts expect that the firm will report earnings of $2.40 per share, with EPS estimates ranging from $2.38 to $2.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Materion.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Thursday, April 26th. The basic materials company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. Materion had a return on equity of 7.83% and a net margin of 1.58%. The company had revenue of $303.50 million during the quarter, compared to analysts’ expectations of $300.73 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. TheStreet raised Materion from a “c+” rating to a “b” rating in a report on Thursday, April 26th. Zacks Investment Research raised Materion from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, March 14th. ValuEngine raised Materion from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Jefferies Financial Group set a $48.00 price objective on Materion and gave the company a “hold” rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $54.00.

MTRN traded up $0.50 on Friday, reaching $56.35. 80,200 shares of the stock were exchanged, compared to its average volume of 117,953. Materion has a fifty-two week low of $35.61 and a fifty-two week high of $57.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.58 and a current ratio of 3.48. The stock has a market cap of $1.15 billion, a P/E ratio of 32.56 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Wednesday, May 16th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, May 15th. This is a boost from Materion’s previous quarterly dividend of $0.10. Materion’s payout ratio is 24.42%.

In related news, VP Gregory R. Chemnitz sold 5,000 shares of the company’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $52.02, for a total value of $260,100.00. Following the completion of the transaction, the vice president now owns 12,576 shares of the company’s stock, valued at approximately $654,203.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig S. Shular sold 7,626 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $53.76, for a total value of $409,973.76. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTRN. Millennium Management LLC raised its holdings in Materion by 3,128.9% in the 4th quarter. Millennium Management LLC now owns 238,581 shares of the basic materials company’s stock worth $11,595,000 after purchasing an additional 231,192 shares during the period. ACK Asset Management LLC grew its position in shares of Materion by 142.5% in the fourth quarter. ACK Asset Management LLC now owns 310,000 shares of the basic materials company’s stock valued at $15,066,000 after purchasing an additional 182,183 shares in the last quarter. BlackRock Inc. grew its position in shares of Materion by 4.6% in the fourth quarter. BlackRock Inc. now owns 2,732,251 shares of the basic materials company’s stock valued at $132,788,000 after purchasing an additional 119,764 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Materion in the fourth quarter valued at approximately $5,490,000. Finally, Wells Fargo & Company MN grew its position in shares of Materion by 113.4% in the first quarter. Wells Fargo & Company MN now owns 210,069 shares of the basic materials company’s stock valued at $10,724,000 after purchasing an additional 111,624 shares in the last quarter. 88.84% of the stock is owned by institutional investors.

About Materion

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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Earnings History and Estimates for Materion (NYSE:MTRN)

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