Milacron (MCRN) Given Media Sentiment Score of 0.11
Media coverage about Milacron (NYSE:MCRN) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Milacron earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.6605233956824 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Milacron (MCRN) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Milacron Holdings Corp (MCRN) Director Ira G. Boots Sells 33,689 Shares (americanbankingnews.com)
- Milacron Holdings Corp (MCRN) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- $302.65 Million in Sales Expected for Milacron Holdings Corp (MCRN) This Quarter (americanbankingnews.com)
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Milacron from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday. TheStreet upgraded Milacron from a “c” rating to a “b” rating in a report on Wednesday, December 13th. BidaskClub lowered Milacron from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. KeyCorp reiterated a “buy” rating and issued a $21.00 price target on shares of Milacron in a report on Friday, October 20th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 price target on shares of Milacron in a report on Wednesday, October 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.50.
Shares of Milacron (NYSE:MCRN) opened at $18.69 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41. The firm has a market capitalization of $1,300.00 and a price-to-earnings ratio of -623.00. Milacron has a twelve month low of $15.09 and a twelve month high of $19.57.
Milacron (NYSE:MCRN) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $314.70 million for the quarter, compared to the consensus estimate of $301.13 million. Milacron had a negative return on equity of 56.93% and a negative net margin of 0.09%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. equities analysts forecast that Milacron will post 1.62 EPS for the current year.
In other news, Director Ira G. Boots sold 101,064 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $18.25, for a total transaction of $1,844,418.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Ronald M. Krisanda sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $18.11, for a total value of $181,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,252,623 shares of company stock worth $180,703,090. Insiders own 3.40% of the company’s stock.
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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