Zacks: Brokerages Expect Milacron Holdings Corp (MCRN) to Post $0.40 Earnings Per Share
Equities analysts forecast that Milacron Holdings Corp (NYSE:MCRN) will post earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Milacron’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.38. Milacron reported earnings of $0.47 per share during the same quarter last year, which would suggest a negative year over year growth rate of 14.9%. The firm is expected to issue its next earnings report on Thursday, February 22nd.
On average, analysts expect that Milacron will report full-year earnings of $1.62 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.65. For the next fiscal year, analysts forecast that the business will report earnings of $1.75 per share, with EPS estimates ranging from $1.62 to $1.82. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Milacron.
Milacron (NYSE:MCRN) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $314.70 million during the quarter, compared to the consensus estimate of $301.13 million. Milacron had a negative net margin of 0.09% and a negative return on equity of 56.93%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS.
In related news, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $16.00, for a total value of $175,585,488.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Ronald M. Krisanda sold 10,000 shares of the 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 quarter, insiders sold 11,218,934 shares of company stock worth $180,062,325. 3.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of MCRN. BNP Paribas Arbitrage SA lifted its stake in Milacron by 765.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 5,089 shares in the last quarter. SG Americas Securities LLC bought a new position in Milacron during the 3rd quarter valued at $101,000. Bronfman E.L. Rothschild L.P. lifted its stake in Milacron by 6.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 379 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Milacron by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Milacron during the 3rd quarter valued at $132,000. Institutional investors and hedge funds own 99.73% of the company’s stock.
Shares of Milacron (NYSE MCRN) traded up $0.20 during mid-day trading on Tuesday, hitting $18.11. 688,400 shares of the stock traded hands, compared to its average volume of 513,561. The firm has a market cap of $1,263.38, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Milacron has a one year low of $15.09 and a one year high of $19.57. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41.
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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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