$0.40 Earnings Per Share Expected for Materion Corporation (MTRN) This Quarter

Equities analysts expect Materion Corporation (NYSE:MTRN) to announce $0.40 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Materion Corporation’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.43. Materion Corporation posted earnings per share of $0.31 in the same quarter last year, which suggests a positive year-over-year growth rate of 29%. The firm is expected to issue its next earnings results before the market opens on Thursday, July 27th.

On average, analysts expect that Materion Corporation will report full year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.58. For the next year, analysts expect that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.75 to $2.16. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Materion Corporation.

Materion Corporation (NYSE:MTRN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Materion Corporation had a return on equity of 5.50% and a net margin of 2.40%. The business had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $254.28 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year.

Several research analysts recently weighed in on MTRN shares. Zacks Investment Research lowered Materion Corporation from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Jefferies Group LLC reiterated a “hold” rating and set a $34.00 price target on shares of Materion Corporation in a research note on Friday, July 7th.

Materion Corporation (MTRN) traded up 2.51% during midday trading on Monday, hitting $38.75. The stock had a trading volume of 186,747 shares. The firm has a market cap of $774.46 million, a PE ratio of 33.72 and a beta of 1.15. Materion Corporation has a one year low of $25.65 and a one year high of $41.22. The stock has a 50-day moving average price of $37.20 and a 200 day moving average price of $36.08.

In other Materion Corporation news, insider Richard J. Hipple sold 2,500 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $37.39, for a total value of $93,475.00. Following the transaction, the insider now directly owns 87,091 shares in the company, valued at approximately $3,256,332.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard J. Hipple sold 5,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $34.47, for a total value of $172,350.00. Following the completion of the transaction, the insider now owns 122,091 shares in the company, valued at $4,208,476.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,500 shares of company stock worth $2,579,650. 2.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in Materion Corporation by 1.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,096 shares of the basic materials company’s stock valued at $171,000 after buying an additional 96 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Materion Corporation by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the basic materials company’s stock valued at $272,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in Materion Corporation by 1.0% in the first quarter. Arizona State Retirement System now owns 10,412 shares of the basic materials company’s stock valued at $349,000 after buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Materion Corporation by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 23,280 shares of the basic materials company’s stock valued at $871,000 after buying an additional 150 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Materion Corporation by 2.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,120 shares of the basic materials company’s stock valued at $267,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.

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About Materion Corporation

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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