Somewhat Positive News Coverage Somewhat Unlikely to Affect Milacron Holdings Corp. (MCRN) Share Price
Headlines about Milacron Holdings Corp. (NYSE:MCRN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Milacron Holdings Corp. earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.475980531842 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.
Milacron Holdings Corp. (NYSE MCRN) traded up 0.26% during midday trading on Wednesday, reaching $15.69. 289,674 shares of the company’s stock traded hands. The stock’s market cap is $1.09 billion. The company’s 50-day moving average price is $17.45 and its 200-day moving average price is $17.82. Milacron Holdings Corp. has a 52-week low of $12.43 and a 52-week high of $19.57.
Milacron Holdings Corp. (NYSE:MCRN) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The company had revenue of $309.20 million during the quarter, compared to analyst estimates of $308.25 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts predict that Milacron Holdings Corp. will post $1.61 EPS for the current fiscal year.
MCRN has been the subject of several research analyst reports. Robert W. Baird set a $23.00 price target on shares of Milacron Holdings Corp. and gave the company a “buy” rating in a research note on Wednesday, May 17th. BidaskClub raised shares of Milacron Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Zacks Investment Research raised shares of Milacron Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, TheStreet raised shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.33.
In other Milacron Holdings Corp. news, insider Ronald M. Krisanda sold 21,260 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $18.00, for a total transaction of $382,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $16.71, for a total transaction of $126,079,022.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,714,418 shares of company stock valued at $129,176,742. 3.40% of the stock is owned by insiders.
Milacron Holdings Corp. Company Profile
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.
Receive News & Ratings for Milacron Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Milacron Holdings Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.