Mativ (MATV) Set to Announce Quarterly Earnings on Wednesday

Mativ (NYSE:MATV) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $452.30 million during the quarter, compared to analysts’ expectations of $472.10 million. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. On average, analysts expect Mativ to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mativ Price Performance

Shares of NYSE MATV opened at $18.41 on Tuesday. Mativ has a twelve month low of $10.78 and a twelve month high of $19.02. The company has a market cap of $999.66 million, a PE ratio of -3.25, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75. The business’s 50 day moving average price is $17.97 and its two-hundred day moving average price is $14.98. The company has a quick ratio of 1.28, a current ratio of 2.53 and a debt-to-equity ratio of 1.18.

Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Thursday, March 7th. Mativ’s payout ratio is presently -7.07%.

Insider Buying and Selling at Mativ

In related news, Director Jeffrey Keenan acquired 3,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $16.06 per share, for a total transaction of $48,180.00. Following the completion of the acquisition, the director now directly owns 312,000 shares in the company, valued at $5,010,720. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.01% of the company’s stock.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.