Equities analysts forecast that Milacron Holdings Corp (NYSE:MCRN) will report earnings per share (EPS) of $0.32 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Milacron’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.27. Milacron posted earnings of $0.48 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, July 30th.
According to Zacks, analysts expect that Milacron will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.42. For the next year, analysts anticipate that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.55 to $1.82. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Milacron.
Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $248.70 million during the quarter, compared to the consensus estimate of $279.52 million. Milacron had a negative return on equity of 74.38% and a net margin of 2.91%. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS.
Shares of MCRN stock opened at $16.85 on Friday. The stock has a market cap of $1.19 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 2.66 and a beta of 1.77. The stock’s 50 day simple moving average is $13.77. Milacron has a 12-month low of $11.11 and a 12-month high of $22.09.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MCRN. Advisory Services Network LLC grew its holdings in shares of Milacron by 998.8% in the 4th quarter. Advisory Services Network LLC now owns 4,395 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 3,995 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Milacron by 22.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,275 shares of the industrial products company’s stock valued at $71,000 after buying an additional 1,147 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Milacron by 77.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 8,713 shares of the industrial products company’s stock valued at $100,000 after buying an additional 3,813 shares during the last quarter. Globeflex Capital L P acquired a new stake in Milacron during the 1st quarter valued at $117,000. Finally, Virtu Financial LLC acquired a new stake in Milacron during the 1st quarter valued at $125,000.
Milacron Company Profile
Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).
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