Equities research analysts expect Milacron Holdings Corp (NYSE:MCRN) to report earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Milacron’s earnings, with estimates ranging from $0.27 to $0.42. Milacron posted earnings per share of $0.47 during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.3%. The business is expected to announce its next quarterly earnings results on Tuesday, February 19th.
According to Zacks, analysts expect that Milacron will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.72. For the next year, analysts expect that the business will report earnings of $1.91 per share, with EPS estimates ranging from $1.79 to $2.10. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Milacron.
Milacron (NYSE:MCRN) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The business had revenue of $308.30 million during the quarter, compared to the consensus estimate of $320.00 million. Milacron had a net margin of 3.07% and a negative return on equity of 87.32%.
Several equities analysts recently commented on MCRN shares. Zacks Investment Research downgraded shares of Milacron from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. KeyCorp dropped their price objective on shares of Milacron from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 26th. Finally, ValuEngine downgraded shares of Milacron from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in Milacron by 27.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 21,722 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 4,697 shares during the period. Macquarie Group Ltd. acquired a new position in Milacron in the 2nd quarter valued at approximately $100,000. OppenheimerFunds Inc. increased its position in Milacron by 46.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 19,399 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 6,153 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Milacron by 19.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 42,475 shares of the industrial products company’s stock valued at $860,000 after acquiring an additional 6,920 shares during the period. Finally, FMR LLC increased its position in Milacron by 0.6% in the 3rd quarter. FMR LLC now owns 1,270,864 shares of the industrial products company’s stock valued at $25,735,000 after acquiring an additional 6,963 shares during the period.
NYSE:MCRN traded up $0.20 on Friday, hitting $13.14. The company had a trading volume of 4,426 shares, compared to its average volume of 323,263. The company has a market cap of $956.80 million, a price-to-earnings ratio of 7.85, a PEG ratio of 1.01 and a beta of 1.28. Milacron has a 52 week low of $12.61 and a 52 week high of $22.62.
Milacron Company Profile
Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).
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