Analysts expect Materion Corp (NYSE:MTRN) to post sales of $304.15 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Materion’s earnings. The lowest sales estimate is $303.00 million and the highest is $305.30 million. Materion posted sales of $240.67 million in the same quarter last year, which suggests a positive year-over-year growth rate of 26.4%. The firm is expected to issue its next quarterly earnings results on Friday, April 27th.
According to Zacks, analysts expect that Materion will report full year sales of $304.15 million for the current year. For the next financial year, analysts expect that the company will post sales of $1.27 billion per share, with estimates ranging from $1.25 billion to $1.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Materion.
Materion (NYSE:MTRN) last posted its earnings results on Thursday, February 15th. The basic materials company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.13. Materion had a net margin of 1.00% and a return on equity of 6.95%. The firm had revenue of $308.67 million for the quarter, compared to analysts’ expectations of $285.50 million. During the same quarter last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year.
Several equities analysts have commented on MTRN shares. Zacks Investment Research raised shares of Materion from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Jefferies Group set a $48.00 target price on shares of Materion and gave the stock a “hold” rating in a research report on Thursday, February 15th. ValuEngine raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, TheStreet cut shares of Materion from a “b” rating to a “c+” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.00.
In related news, Director Joseph P. Keithley sold 8,000 shares of Materion stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $50.60, for a total value of $404,800.00. Following the sale, the director now owns 11,757 shares of the company’s stock, valued at approximately $594,904.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph P. Kelley sold 2,419 shares of Materion stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $51.43, for a total transaction of $124,409.17. The disclosure for this sale can be found here. Insiders sold a total of 15,686 shares of company stock worth $806,938 in the last ninety days. 2.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Materion in the 3rd quarter worth approximately $128,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Materion in the 3rd quarter worth approximately $205,000. Koch Industries Inc. bought a new stake in shares of Materion in the 4th quarter worth approximately $209,000. Capital Fund Management S.A. bought a new stake in shares of Materion in the 4th quarter worth approximately $219,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Materion in the 4th quarter worth approximately $308,000. 92.14% of the stock is currently owned by institutional investors.
Shares of Materion stock traded down $1.80 during mid-day trading on Tuesday, hitting $51.25. 125,729 shares of the stock were exchanged, compared to its average volume of 141,738. Materion has a 12 month low of $33.00 and a 12 month high of $55.35. The company has a quick ratio of 1.50, a current ratio of 3.23 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1,030.94, a P/E ratio of 29.80 and a beta of 0.99.
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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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