Brokerages expect that Materion Co. (NYSE:MTRN – Get Rating) will announce $413.95 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Materion’s earnings. The highest sales estimate is $418.80 million and the lowest is $409.10 million. Materion posted sales of $354.39 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.8%. The firm is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Materion will report full-year sales of $1.54 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.70 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.63 billion, with estimates ranging from $1.46 billion to $1.80 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Materion.
Materion (NYSE:MTRN – Get Rating) last issued its earnings results on Thursday, February 17th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The company had revenue of $397.23 million during the quarter, compared to analysts’ expectations of $428.03 million. Materion had a net margin of 4.80% and a return on equity of 11.72%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS.
MTRN stock traded down $0.38 during trading on Friday, reaching $80.97. 78,487 shares of the company were exchanged, compared to its average volume of 92,800. The company has a 50-day moving average of $84.52 and a two-hundred day moving average of $83.98. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 23.07 and a beta of 1.38. Materion has a twelve month low of $64.48 and a twelve month high of $96.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.07 and a quick ratio of 1.30.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 11th. Shareholders of record on Thursday, February 24th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Wednesday, February 23rd. Materion’s payout ratio is 13.68%.
A number of institutional investors and hedge funds have recently bought and sold shares of MTRN. EverSource Wealth Advisors LLC bought a new stake in shares of Materion in the 4th quarter valued at $33,000. Ellevest Inc. bought a new stake in shares of Materion in the 3rd quarter valued at $36,000. Point72 Hong Kong Ltd boosted its stake in shares of Materion by 1,870.4% in the 4th quarter. Point72 Hong Kong Ltd now owns 532 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 505 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of Materion in the 3rd quarter valued at $68,000. Finally, Castleview Partners LLC bought a new stake in shares of Materion in the 4th quarter valued at $127,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.
About Materion (Get Rating)
Materion Corporation, through with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments.
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