Equities analysts predict that Materion Corp (NYSE:MTRN) will post earnings of $0.55 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Materion’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.54. Materion posted earnings per share of $0.50 during the same quarter last year, which suggests a positive year over year growth rate of 10%. The business is scheduled to report its next earnings report on Thursday, October 25th.

On average, analysts expect that Materion will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.10 to $2.18. For the next year, analysts expect that the business will report earnings of $2.46 per share, with EPS estimates ranging from $2.41 to $2.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Materion.

Materion (NYSE:MTRN) last posted its earnings results on Thursday, July 26th. The basic materials company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $309.10 million during the quarter, compared to the consensus estimate of $311.90 million. Materion had a return on equity of 8.30% and a net margin of 1.88%. Materion’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS.

MTRN has been the subject of several analyst reports. Zacks Investment Research downgraded Materion from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. TheStreet upgraded Materion from a “c+” rating to a “b” rating in a research report on Thursday, April 26th. Finally, ValuEngine downgraded Materion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Materion currently has a consensus rating of “Buy” and an average target price of $58.50.

Shares of Materion stock traded up $0.75 during midday trading on Friday, hitting $63.15. 1,624 shares of the company were exchanged, compared to its average volume of 109,970. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.48 and a quick ratio of 1.69. The company has a market capitalization of $1.25 billion, a PE ratio of 36.25 and a beta of 0.97. Materion has a 52 week low of $36.95 and a 52 week high of $65.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 21st will be given a $0.105 dividend. The ex-dividend date of this dividend is Monday, August 20th. This represents a $0.42 annualized dividend and a yield of 0.67%. Materion’s payout ratio is 24.42%.

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $63.31, for a total value of $126,620.00. Following the completion of the transaction, the vice president now owns 12,523 shares in the company, valued at approximately $792,831.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joseph P. Kelley acquired 2,923 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was acquired at an average price of $63.74 per share, with a total value of $186,312.02. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System increased its stake in shares of Materion by 16.7% in the 2nd quarter. California Public Employees Retirement System now owns 47,039 shares of the basic materials company’s stock valued at $2,547,000 after buying an additional 6,720 shares during the period. Paloma Partners Management Co increased its stake in shares of Materion by 27.4% in the 2nd quarter. Paloma Partners Management Co now owns 6,508 shares of the basic materials company’s stock valued at $352,000 after buying an additional 1,401 shares during the period. Capital Fund Management S.A. increased its stake in shares of Materion by 51.6% in the 2nd quarter. Capital Fund Management S.A. now owns 9,700 shares of the basic materials company’s stock valued at $525,000 after buying an additional 3,300 shares during the period. Raymond James & Associates increased its stake in shares of Materion by 25.2% in the 2nd quarter. Raymond James & Associates now owns 21,346 shares of the basic materials company’s stock valued at $1,156,000 after buying an additional 4,302 shares during the period. Finally, AMP Capital Investors Ltd acquired a new stake in shares of Materion in the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 91.38% of the company’s stock.

Materion Company Profile

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates through Performance Alloys and Composites, Advanced Materials, and Precision Coatings segments.

Featured Article: What does RSI mean?

Get a free copy of the Zacks research report on Materion (MTRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Materion (NYSE:MTRN)

Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.