Materion (MTRN) Set to Announce Earnings on Monday

Materion (NYSE:MTRN) will be posting its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Materion to post earnings of $1.41 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The company had revenue of $385.29 million during the quarter, compared to analysts’ expectations of $386.84 million. Materion had a return on equity of 12.32% and a net margin of 5.19%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. On average, analysts expect Materion to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Materion Stock Down 4.5 %

NYSE:MTRN opened at $107.48 on Friday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 26.94 and a beta of 1.19. Materion has a 1-year low of $92.23 and a 1-year high of $145.08. The company’s fifty day moving average price is $111.22 and its 200-day moving average price is $119.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.91 and a quick ratio of 1.07.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were paid a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.50%. This is a positive change from Materion’s previous quarterly dividend of $0.13. Materion’s dividend payout ratio is presently 13.53%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MTRN shares. KeyCorp cut their price objective on shares of Materion from $156.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, May 10th. StockNews.com cut shares of Materion from a “hold” rating to a “sell” rating in a report on Wednesday.

Insider Buying and Selling at Materion

In other Materion news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Monday, May 13th. The shares were sold at an average price of $113.31, for a total value of $226,620.00. Following the completion of the transaction, the vice president now owns 18,031 shares of the company’s stock, valued at $2,043,092.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Emily M. Liggett sold 1,152 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $111.86, for a total transaction of $128,862.72. Following the transaction, the director now directly owns 2,621 shares in the company, valued at $293,185.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $113.31, for a total transaction of $226,620.00. Following the completion of the transaction, the vice president now owns 18,031 shares in the company, valued at $2,043,092.61. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Materion Company Profile

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.