Mativ (MATV) Set to Announce Quarterly Earnings on Wednesday

Mativ (NYSE:MATV) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Mativ to post earnings of $0.25 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Mativ (NYSE:MATV) last announced its earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. The company had revenue of $452.30 million for the quarter, compared to the consensus estimate of $472.10 million. On average, analysts expect Mativ to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mativ Price Performance

Mativ stock opened at $18.24 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28. The business has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $14.95. Mativ has a 12 month low of $10.78 and a 12 month high of $19.02. The stock has a market capitalization of $990.43 million, a PE ratio of -3.22, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. Mativ’s payout ratio is currently -7.07%.

Insider Activity

In other news, Director Jeffrey Keenan purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $16.06 per share, with a total value of $48,180.00. Following the completion of the acquisition, the director now directly owns 312,000 shares of the company’s stock, valued at approximately $5,010,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.01% of the company’s stock.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.