Materion Corporation (MTRN) Releases FY17 Earnings Guidance
Materion Corporation (NYSE:MTRN) updated its FY17 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.45-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.71.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Materion Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, November 1st. Wm Smith started coverage on Materion Corporation in a research note on Thursday, November 3rd. They issued a not rated rating and a $35.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Materion Corporation currently has an average rating of Hold and a consensus price target of $34.50.
Shares of Materion Corporation (NYSE:MTRN) traded down 4.02% on Friday, hitting $37.00. The stock had a trading volume of 90,154 shares. Materion Corporation has a 52-week low of $22.36 and a 52-week high of $41.23. The firm’s 50-day moving average price is $39.42 and its 200 day moving average price is $34.23. The firm has a market cap of $737.67 million, a PE ratio of 28.93 and a beta of 1.28.
Materion Corporation (NYSE:MTRN) last released its earnings results on Friday, February 17th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.06. Materion Corporation had a return on equity of 5.72% and a net margin of 2.71%. The company had revenue of $234.30 million for the quarter, compared to analyst estimates of $236.22 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Materion Corporation will post $1.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Wednesday, February 15th will be paid a dividend of $0.095 per share. The ex-dividend date is Monday, February 13th. This represents a $0.38 annualized dividend and a yield of 0.99%. Materion Corporation’s payout ratio is 29.92%.
In related news, Director Craig S. Shular sold 5,744 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $38.94, for a total transaction of $223,671.36. Following the completion of the transaction, the director now directly owns 2,941 shares of the company’s stock, valued at approximately $114,522.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.30% of the company’s stock.
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About Materion Corporation
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a range of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace.
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