Mativ (NYSE:MATV) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Mativ (NYSE:MATV) issued its quarterly earnings results on Wednesday. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06, FiscalAI reports. The company had revenue of $499.50 million during the quarter, compared to the consensus estimate of $510.00 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%.

Mativ Stock Performance

Shares of NYSE:MATV traded up $0.94 during mid-day trading on Wednesday, reaching $12.11. The company had a trading volume of 598,008 shares, compared to its average volume of 428,073. Mativ has a one year low of $7.07 and a one year high of $15.48. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09. The company’s 50-day moving average price is $11.90 and its 200-day moving average price is $10.29. The firm has a market cap of $667.23 million, a price-to-earnings ratio of 10.15 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MATV shares. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings raised Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold”.

Mativ Company Profile

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.