Materion Corp. (NYSE:MTRN) will be announcing its earnings results before the market opens on Thursday, July 28th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Materion Corp. (NYSE:MTRN) last released its earnings results on Friday, April 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company earned $235.51 million during the quarter, compared to the consensus estimate of $218.82 million. The company’s revenue was down 18.8% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. On average, analysts expect Materion Corp. to post $1.34 EPS for the current fiscal year and $1.68 EPS for the next fiscal year.
MTRN has been the subject of several recent analyst reports. TheStreet cut Materion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Stifel Nicolaus cut Materion Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Finally, Zacks Investment Research cut Materion Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th.
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace.
