Mativ (NYSE:MATV) Releases Earnings Results, Beats Estimates By $0.22 EPS

Mativ (NYSE:MATV) posted its quarterly earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.22, FiscalAI reports. The business had revenue of $531.80 million during the quarter, compared to the consensus estimate of $508.50 million. Mativ had a net margin of 3.86% and a return on equity of 11.77%.

Mativ Price Performance

Shares of MATV traded up $0.42 during midday trading on Wednesday, hitting $9.62. 525,798 shares of the company traded hands, compared to its average volume of 454,973. The stock has a 50-day moving average of $8.03 and a 200-day moving average of $9.51. The firm has a market cap of $530.14 million, a P/E ratio of 7.18 and a beta of 0.87. Mativ has a one year low of $6.27 and a one year high of $15.48. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.26 and a quick ratio of 1.12.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in Mativ in the 3rd quarter worth $30,000. California State Teachers Retirement System raised its stake in shares of Mativ by 167.2% during the fourth quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock valued at $40,000 after acquiring an additional 2,082 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new position in shares of Mativ during the fourth quarter valued at about $77,000. Osaic Holdings Inc. boosted its holdings in shares of Mativ by 939.9% during the second quarter. Osaic Holdings Inc. now owns 11,668 shares of the company’s stock worth $80,000 after purchasing an additional 10,546 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Mativ during the third quarter worth about $115,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MATV shares. Wall Street Zen lowered Mativ from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings upgraded Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

About Mativ

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.