Mativ (NYSE:MATV) Announces Quarterly Earnings Results

Mativ (NYSE:MATV) posted its earnings results on Wednesday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.25 by $0.06, FiscalAI reports. The firm had revenue of $499.50 million during the quarter, compared to analysts’ expectations of $510.00 million. Mativ had a net margin of 4.64% and a return on equity of 12.09%.

Mativ Price Performance

Shares of NYSE:MATV traded down $0.67 during trading on Friday, reaching $11.69. The company had a trading volume of 780,433 shares, compared to its average volume of 464,726. The firm’s fifty day moving average is $11.90 and its 200 day moving average is $10.29. The firm has a market capitalization of $644.32 million, a PE ratio of 7.26 and a beta of 0.93. Mativ has a twelve month low of $7.07 and a twelve month high of $15.48. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.95 and a current ratio of 1.98.

Mativ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 27th. Mativ’s payout ratio is 24.84%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings raised Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Mativ Company Profile

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.