Materion (MTRN) to Release Quarterly Earnings on Wednesday

Materion (NYSE:MTRN) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Materion has set its FY24 guidance at $6.10-6.50 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. Materion had a net margin of 5.75% and a return on equity of 13.49%. The company had revenue of $421.00 million for the quarter, compared to analyst estimates of $420.50 million. During the same period in the prior year, the company earned $1.49 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect Materion to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Materion Trading Up 1.2 %

Materion stock traded up $1.46 during trading on Friday, hitting $120.09. The company had a trading volume of 11,683 shares, compared to its average volume of 97,422. Materion has a 1-year low of $92.23 and a 1-year high of $145.08. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 26.21 and a beta of 1.14. The company has a current ratio of 2.78, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The company’s 50 day simple moving average is $129.52 and its 200-day simple moving average is $119.80.

Materion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Wednesday, February 21st. Materion’s dividend payout ratio is currently 11.35%.

Insiders Place Their Bets

In related news, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total transaction of $401,220.00. Following the transaction, the vice president now directly owns 14,510 shares of the company’s stock, valued at approximately $1,940,567.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Gregory R. Chemnitz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now directly owns 14,510 shares in the company, valued at approximately $1,940,567.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total value of $265,200.00. Following the sale, the chief financial officer now directly owns 13,147 shares in the company, valued at approximately $1,743,292.20. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Separately, KeyCorp reduced their price target on shares of Materion from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.