Materion (MTRN) Meets Q3 Earnings Estimates
Materion (MTRN) came out with quarterly earnings of $1.41 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.39 per share a year ago.
Why Materion (MTRN) Stock Is Moving Today
Materion (MTRN, Financial) has seen its stock price move recently due to a revised profitability outlook for 2024. The company lowered its guidance, causing investor sentiment to shift significantly.
Why Shares of Materion Are Plunging This Week
Lower-than-expected profitability in 2024 isn't the only reason investors are avoiding the stock this week.
Materion (MTRN) Soars 3.5%: Is Further Upside Left in the Stock?
Materion (MTRN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Materion Corp (MTRN) Shares Gap Down to $101.0999 on Oct 2
Shares of Materion Corp (MTRN, Financial) fell 7.94% in mid-day trading on Oct 2. The stock reached an intraday low of $99.45, before recovering slightly to $101.10, down from its previous close of $109.82.
Materion Corporation (MTRN) Q2 2024 Earnings Call Transcript
Materion Corporation (NYSE:MTRN ) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Kyle Kelleher - Manager, IR Jugal - President & CEO Shelly Chadwick - VP & CFO Conference Call Participants Daniel Moore - CJS Securities Michael Harrison - Seaport Research Partners David Silver - CL King Philip Gibbs - KeyBanc Capital Markets David Storms - Stonegate Operator Greetings. Welcome to the Materion Second Quarter 2024 Earnings Conference Call.
Materion (MTRN) Beats Q2 Earnings Estimates
Materion (MTRN) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.38 per share a year ago.
Materion (MTRN) Reports Next Week: Wall Street Expects Earnings Growth
Materion (MTRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Panagora Asset Management Inc. Has $2.68 Million Stock Position in Materion Co. (NYSE:MTRN)
Panagora Asset Management Inc. trimmed its holdings in shares of Materion Co. (NYSE:MTRN – Free Report) by 45.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,620 shares of the basic materials company’s stock after selling 16,848 shares during the period. Panagora Asset Management Inc. owned approximately 0.10% of Materion worth $2,683,000 as of its most recent filing with the SEC. Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Materion by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,531,802 shares of the basic materials company’s stock valued at $258,016,000 after acquiring an additional 35,888 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Materion in the 4th quarter valued at $31,311,000. Louisiana State Employees Retirement System bought a new stake in Materion during the 4th quarter valued at $1,340,000. Nordea Investment Management AB raised its holdings in Materion by 18.0% during the third quarter. Nordea Investment Management AB now owns 75,436 shares of the basic materials company’s stock worth $7,717,000 after buying an additional 11,520 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Materion by 67.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,026 shares of the basic materials company’s stock valued at $4,037,000 after buying an additional 12,470 shares in the last quarter. Institutional investors own 93.56% of the company’s stock. Insiders Place Their Bets In other Materion news, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total value of $401,220.00. Following the completion of the transaction, the vice president now owns 14,510 shares in the company, valued at approximately $1,940,567.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Materion news, CFO Shelly Marie Chadwick sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total transaction of $265,200.00. Following the completion of the transaction, the chief financial officer now owns 13,147 shares in the company, valued at $1,743,292.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total transaction of $401,220.00. Following the completion of the transaction, the vice president now owns 14,510 shares of the company’s stock, valued at $1,940,567.40. The disclosure for this sale can be found here. Insiders have sold a total of 8,152 shares of company stock valued at $1,021,903 in the last 90 days. 2.30% of the stock is currently owned by corporate insiders. Materion Stock Up 1.6 % Shares of NYSE:MTRN opened at $117.00 on Monday. The business’s 50 day moving average is $122.82 and its 200 day moving average is $121.91. Materion Co. has a 12-month low of $92.23 and a 12-month high of $145.08. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 29.32 and a beta of 1.17. The company has a quick ratio of 1.07, a current ratio of 2.91 and a debt-to-equity ratio of 0.50. Materion (NYSE:MTRN – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $385.29 million for the quarter, compared to the consensus estimate of $386.84 million. Materion had a net margin of 5.19% and a return on equity of 12.32%. Materion’s revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.34 earnings per share. On average, sell-side analysts forecast that Materion Co. will post 5.86 earnings per share for the current fiscal year. Materion Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd will be paid a $0.135 dividend. This is a positive change from Materion’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.54 annualized dividend and a yield of 0.46%. Materion’s dividend payout ratio (DPR) is 13.03%. Wall Street Analysts Forecast Growth Separately, KeyCorp decreased their target price on shares of Materion from $156.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Get Our Latest Analysis on MTRN About Materion (Free Report) Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. See Also Five stocks we like better than Materion The Significance of Brokerage Rankings in Stock Selection JD’s Earnings Could Mean Chinese Stocks Making a Comeback Why Invest in 5G? How to Invest in 5G Stocks Canada Goose Flies Higher Driven By DTC Growth TSX Venture Exchange (Formerly Canadian Venture Exchange) CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding MTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Materion Co. (NYSE:MTRN – Free Report).
