Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Materion Corporation (MTRN) Stock Price
Media coverage about Materion Corporation (NYSE:MTRN) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Materion Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 44.2164006287373 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Materion Corporation (MTRN) opened at $49.45 on Thursday. The company has a market cap of $994.16, a P/E ratio of 33.29 and a beta of 1.11. The company has a current ratio of 3.42, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. Materion Corporation has a 12-month low of $31.05 and a 12-month high of $52.10.
Materion Corporation (NYSE:MTRN) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ 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 revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. analysts forecast that Materion Corporation will post 1.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 7th. Materion Corporation’s payout ratio is presently 30.77%.
MTRN has been the topic of several recent research reports. BidaskClub cut Materion Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Materion Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, September 27th. KeyCorp restated a “hold” rating on shares of Materion Corporation in a report on Monday, November 13th. Finally, Jefferies Group LLC restated a “hold” rating and set a $36.00 target price on shares of Materion Corporation in a report on Thursday, October 12th.
In other Materion Corporation news, 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 value of $148,800.00. Following the sale, the vice president now owns 13,061 shares of the company’s stock, valued at $647,825.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Hipple sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $50.00, for a total value of $400,000.00. Following the completion of the sale, the director now directly owns 57,091 shares in the company, valued at approximately $2,854,550. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,106 shares of company stock worth $2,204,267. Corporate insiders own 2.90% of the company’s stock.
Materion Corporation Company Profile
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.
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