Analysts expect that Materion Corp (NYSE:MTRN) will post sales of $307.70 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Materion’s earnings, with estimates ranging from $303.10 million to $314.00 million. Materion reported sales of $294.27 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Materion will report full year sales of $1.23 billion for the current financial year, with estimates ranging from $1.22 billion to $1.24 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.25 billion, with estimates ranging from $1.24 billion to $1.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Materion.
Materion (NYSE:MTRN) last announced its earnings results on Thursday, July 26th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Materion had a net margin of 1.88% and a return on equity of 8.30%. The business had revenue of $309.10 million for the quarter, compared to analyst estimates of $311.90 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Materion’s revenue was up 4.5% compared to the same quarter last year.
In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $63.31, for a total value of $126,620.00. Following the sale, the vice president now owns 12,523 shares of the company’s stock, valued at approximately $792,831.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph P. Kelley purchased 2,923 shares of the stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of $63.74 per share, for a total transaction of $186,312.02. The disclosure for this purchase can be found here. Insiders own 2.90% of the company’s stock.
Several large investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of Materion by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 57,009 shares of the basic materials company’s stock valued at $3,087,000 after purchasing an additional 1,123 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Materion by 40.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 3,869 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 1,124 shares in the last quarter. Paloma Partners Management Co boosted 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 purchasing an additional 1,401 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Materion by 4.0% in the 1st quarter. California Public Employees Retirement System now owns 40,319 shares of the basic materials company’s stock valued at $2,058,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Materion by 23.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,510 shares of the basic materials company’s stock valued at $515,000 after purchasing an additional 1,798 shares in the last quarter. Institutional investors own 89.49% of the company’s stock.
Materion stock traded up $1.75 on Friday, hitting $60.50. The company’s stock had a trading volume of 222,500 shares, compared to its average volume of 111,920. The firm has a market capitalization of $1.19 billion, a PE ratio of 34.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.48 and a quick ratio of 1.69. Materion has a one year low of $42.10 and a one year high of $65.10.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 21st were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, August 20th. Materion’s dividend payout ratio (DPR) is presently 24.42%.
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.
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