FY2023 EPS Estimates for Morgan Advanced Materials plc Decreased by Analyst (OTCMKTS:MCRUF)

Morgan Advanced Materials plc (OTCMKTS:MCRUF – Get Rating) – Equities researchers at Jefferies Financial Group lowered their FY2023 earnings estimates for shares of Morgan Advanced Materials in a report issued on Sunday, May 8th. Jefferies Financial Group analyst A. Douglas now anticipates that the company will post earnings per share of $0.40 for the year, down from their previous estimate of $0.42. Jefferies Financial Group also issued estimates for Morgan Advanced Materials’ FY2024 earnings at $0.43 EPS.

A number of other research analysts also recently commented on MCRUF. Berenberg Bank upgraded Morgan Advanced Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, January 19th. Zacks Investment Research upgraded Morgan Advanced Materials from a “sell” rating to a “hold” rating in a research note on Tuesday.

Shares of OTCMKTS MCRUF opened at $3.50 on Tuesday. Morgan Advanced Materials has a twelve month low of $3.50 and a twelve month high of $5.48. The business has a 50 day simple moving average of $4.09 and a 200-day simple moving average of $4.50.

About Morgan Advanced Materials (Get Rating)

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It offers high-temperature insulating fibers, microporous, firebrick and insulating firebrick, monolithic, heat shields, and fired refractory shape products; crucibles, foundry and ferrous products, and furnace industries furnace ranges; and seals and bearings, such as face seals, split and segmented seals, sliding bearings, shafts, rotary vane pump components, and sliding valve components.

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