Milacron Holdings Corp. (MCRN) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Milacron retained its fiscal 2016 guidance of 0–2% organic sales growth and adjusted EBITDA margins between 18.5% and 19.0%. Revenue growth will be driven by underlying market growth in key segments, geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal clans. Milacron’s cost-reduction initiatives will aid margins. However, pricing pressure in the Advanced Plastic Processing Technologies segment and impact of unfavorable foreign currency remain concerns.”
Separately, Credit Suisse Group AG reaffirmed a hold rating on shares of Milacron Holdings Corp. in a research report on Saturday, July 9th.
Milacron Holdings Corp. (NYSE:MCRN) opened at 16.08 on Monday. The company has a market capitalization of $1.09 billion, a P/E ratio of 41.23 and a beta of 0.54. Milacron Holdings Corp. has a one year low of $11.56 and a one year high of $19.07. The company’s 50-day moving average is $16.16 and its 200 day moving average is $16.09.
Milacron Holdings Corp. (NYSE:MCRN) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Milacron Holdings Corp. had a net margin of 2.28% and a negative return on equity of 54.02%. The firm had revenue of $308.10 million for the quarter, compared to analyst estimates of $303.17 million. Milacron Holdings Corp.’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts predict that Milacron Holdings Corp. will post $1.49 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its position in Milacron Holdings Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 46,366 shares of the company’s stock valued at $673,000 after buying an additional 714 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Milacron Holdings Corp. by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 47,868 shares of the company’s stock worth $695,000 after buying an additional 1,072 shares during the last quarter. BlackRock Investment Management LLC increased its stake in shares of Milacron Holdings Corp. by 3.4% in the second quarter. BlackRock Investment Management LLC now owns 53,736 shares of the company’s stock worth $780,000 after buying an additional 1,783 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Milacron Holdings Corp. by 7.3% in the first quarter. Geode Capital Management LLC now owns 114,303 shares of the company’s stock worth $1,884,000 after buying an additional 7,740 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Milacron Holdings Corp. by 4.6% in the second quarter. State Street Corp now owns 217,778 shares of the company’s stock worth $3,162,000 after buying an additional 9,512 shares during the last quarter. Institutional investors and hedge funds own 99.19% of the company’s stock.
Milacron Holdings Corp. Company Profile
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. 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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