Milacron Holdings Corp. (MCRN) Earns Coverage Optimism Score of -0.06
News coverage about Milacron Holdings Corp. (NYSE:MCRN) has trended somewhat negative this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Milacron Holdings Corp. earned a media sentiment score of -0.06 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.6453677399678 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Milacron Holdings Corp. (NYSE:MCRN) Trading Volume Significantly Higher (campdesrecrues.com)
- Milacron Holdings Corp. (MCRN) Upgraded to “C” at TheStreet (americanbankingnews.com)
- Milacron Holdings Corp. (MCRN) Announces 9M Share Secondary Offering by Selling Stockholders (streetinsider.com)
- Milacron Holdings Corp. Announces Secondary Offering of 9,000,000 Shares of Common Stock by Selling Stockholders (finance.yahoo.com)
- Milacron Holdings Corp. (MCRN) Shares Bought by Russell Investments Group Ltd. (lazeresportes.com)
Shares of Milacron Holdings Corp. (MCRN) opened at 15.86 on Friday. The firm’s 50 day moving average price is $18.03 and its 200-day moving average price is $17.97. Milacron Holdings Corp. has a 1-year low of $12.43 and a 1-year high of $19.57. The company’s market capitalization is $1.10 billion.
Milacron Holdings Corp. (NYSE:MCRN) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $309.20 million for the quarter, compared to analyst estimates of $308.25 million. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The company’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. Analysts expect that Milacron Holdings Corp. will post $1.62 EPS for the current year.
MCRN has been the subject of a number of recent research reports. Zacks Investment Research upgraded Milacron Holdings Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Saturday, July 1st. BidaskClub downgraded Milacron Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Robert W. Baird set a $23.00 price target on Milacron Holdings Corp. and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, TheStreet upgraded Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Milacron Holdings Corp. currently has a consensus rating of “Hold” and an average price target of $21.33.
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In other news, Director Jim M. Kratochvil sold 15,800 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $17.99, for a total value of $284,242.00. Following the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at $132,190.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira G. Boots sold 64,806 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $18.30, for a total value of $1,185,949.80. The disclosure for this sale can be found here. Insiders sold 185,094 shares of company stock worth $3,378,170 over the last three months. Corporate insiders own 3.40% of the company’s stock.
About Milacron Holdings Corp.
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.
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