Milacron (MCRN) Stock Price Up 2.5% After Strong Earnings

Shares of Milacron Holdings Corp (NYSE:MCRN) rose 2.5% during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $20.63 and last traded at $20.96. Approximately 278,204 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 398,627 shares. The stock had previously closed at $20.45.

The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.08. The firm had revenue of $324.90 million during the quarter, compared to analyst estimates of $302.91 million. Milacron had a net margin of 0.09% and a negative return on equity of 58.67%. Milacron’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS.

Several research firms have recently weighed in on MCRN. Zacks Investment Research lowered shares of Milacron from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet lowered shares of Milacron from a “b” rating to a “c” rating in a research report on Friday, January 26th. ValuEngine upgraded shares of Milacron from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, BidaskClub lowered shares of Milacron from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.00.

In other Milacron news, insider Ronald M. Krisanda sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $18.24, for a total transaction of $182,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bruce A. Chalmers sold 8,600 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $18.18, for a total transaction of $156,348.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,355 shares of company stock valued at $2,842,739. Insiders own 3.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MCRN. Alliancebernstein L.P. lifted its stake in Milacron by 307.5% during the second quarter. Alliancebernstein L.P. now owns 54,600 shares of the industrial products company’s stock valued at $960,000 after buying an additional 41,200 shares in the last quarter. Teachers Advisors LLC lifted its stake in Milacron by 227.1% during the second quarter. Teachers Advisors LLC now owns 80,791 shares of the industrial products company’s stock valued at $1,421,000 after buying an additional 56,091 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Milacron by 315.1% during the second quarter. TIAA CREF Investment Management LLC now owns 150,678 shares of the industrial products company’s stock valued at $2,650,000 after buying an additional 114,375 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in Milacron during the second quarter valued at about $186,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Milacron during the second quarter valued at about $201,000.

The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.31 and a current ratio of 2.39. The firm has a market capitalization of $1,520.00 and a P/E ratio of -182.75.

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About Milacron

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

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