Somewhat Favorable News Coverage Somewhat Unlikely to Impact Materion Corporation (NYSE:MTRN) Stock Price
Media headlines about Materion Corporation (NYSE:MTRN) have trended somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Materion Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.0591173437816 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- $287.23 Million in Sales Expected for Materion Corporation (NYSE:MTRN) This Quarter (americanbankingnews.com)
- ETFs with exposure to Materion Corp. : August 11, 2017 (finance.yahoo.com)
- Materion Corporation Executives to Ring Today’s NYSE Closing Bell® (finance.yahoo.com)
- Materion Corporation (NYSE:MTRN) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Materion Corporation (NYSE MTRN) traded down 0.13% on Friday, reaching $37.70. The company had a trading volume of 70,862 shares. The firm has a market capitalization of $755.43 million, a price-to-earnings ratio of 30.43 and a beta of 1.16. The company’s 50 day moving average is $37.83 and its 200-day moving average is $36.05. Materion Corporation has a one year low of $27.20 and a one year high of $41.23.
Materion Corporation (NYSE:MTRN) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The company had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $254.28 million. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. Materion Corporation’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, equities research analysts expect that Materion Corporation will post $1.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.40 annualized dividend and a yield of 1.06%. Materion Corporation’s payout ratio is 32.26%.
MTRN has been the topic of a number of recent analyst reports. Zacks Investment Research raised Materion Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Jefferies Group LLC reissued a “hold” rating and issued a $34.00 price objective on shares of Materion Corporation in a research note on Friday, July 7th. Finally, BidaskClub raised Materion Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $36.67.
In other Materion Corporation news, Chairman Richard J. Hipple sold 2,500 shares of Materion Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $34.33, for a total transaction of $85,825.00. Following the sale, the chairman now directly owns 109,591 shares of the company’s stock, valued at approximately $3,762,259.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard J. Hipple sold 5,000 shares of Materion Corporation stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $34.47, for a total value of $172,350.00. Following the sale, the insider now directly owns 122,091 shares in the company, valued at $4,208,476.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,500 shares of company stock worth $2,694,520. Insiders own 2.90% of the company’s stock.
Materion Corporation Company Profile
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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