Brokerages expect Materion Co. (NYSE:MTRN) to announce $370.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Materion’s earnings. The lowest sales estimate is $368.10 million and the highest is $372.50 million. Materion reported sales of $287.17 million in the same quarter last year, which indicates a positive year-over-year growth rate of 28.9%. The business is scheduled to issue its next earnings results on Thursday, October 28th.
On average, analysts expect that Materion will report full year sales of $1.46 billion for the current fiscal year, with estimates ranging from $1.46 billion to $1.47 billion. For the next fiscal year, analysts expect that the company will report sales of $1.55 billion, with estimates ranging from $1.51 billion to $1.58 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Materion.
Materion (NYSE:MTRN) last issued its earnings results on Tuesday, August 3rd. The basic materials company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.11. Materion had a net margin of 3.64% and a return on equity of 9.26%. The business had revenue of $371.00 million for the quarter, compared to analyst estimates of $340.65 million. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue was up 36.6% on a year-over-year basis.
Shares of Materion stock traded up $0.44 during trading on Wednesday, hitting $71.42. 43,366 shares of the company’s stock traded hands, compared to its average volume of 111,148. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.20 and a quick ratio of 1.40. The firm’s fifty day moving average price is $71.34 and its 200 day moving average price is $72.57. Materion has a twelve month low of $49.51 and a twelve month high of $80.70. The company has a market cap of $1.46 billion, a PE ratio of 29.88 and a beta of 1.44.
The company also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 20th were given a $0.12 dividend. The ex-dividend date was Thursday, August 19th. This represents a $0.48 dividend on an annualized basis and a yield of 0.67%. Materion’s dividend payout ratio (DPR) is presently 23.65%.
Several hedge funds and other institutional investors have recently made changes to their positions in MTRN. First Trust Advisors LP raised its stake in shares of Materion by 133.0% in the first quarter. First Trust Advisors LP now owns 17,205 shares of the basic materials company’s stock worth $982,000 after acquiring an additional 9,821 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Materion by 13.3% in the first quarter. Victory Capital Management Inc. now owns 6,813 shares of the basic materials company’s stock worth $451,000 after acquiring an additional 802 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Materion by 1.1% in the first quarter. Rhumbline Advisers now owns 72,324 shares of the basic materials company’s stock worth $4,791,000 after acquiring an additional 760 shares during the last quarter. Swiss National Bank raised its stake in shares of Materion by 1.1% in the first quarter. Swiss National Bank now owns 46,500 shares of the basic materials company’s stock worth $3,080,000 after acquiring an additional 500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Materion by 79.0% in the first quarter. BNP Paribas Arbitrage SA now owns 8,961 shares of the basic materials company’s stock worth $594,000 after acquiring an additional 3,954 shares during the last quarter. 90.73% of the stock is owned by institutional investors.
Materion Corp. engages in the production of engineered materials used in a variety of electrical, electronic, thermal, and structural applications. The company operates through the following segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings and Other. The Performance Alloys and Composites segment produces strip and bulk form alloy products, strip metal products with clad inlay and overlay metals, beryllium-based metals, beryllium, and aluminum metal matrix composites, in rod, sheet, foil, and a variety of customized forms, beryllium ceramics, and bulk metallic glass material.
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