Materion Corporation (NYSE:MTRN) Receives Media Impact Score of 0.44
Press coverage about Materion Corporation (NYSE:MTRN) has trended positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Materion Corporation earned a media sentiment score of 0.44 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Materion Corporation (NYSE:MTRN) Announces $0.10 Quarterly Dividend (americanbankingnews.com)
- Materion Corporation Declares Third Quarter Dividend (finance.yahoo.com)
- Gregory R. Chemnitz Sells 3,000 Shares of Materion Corporation (MTRN) Stock (americanbankingnews.com)
- Materion Corp. :MTRN-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017 (finance.yahoo.com)
- Materion Corporation (MTRN) Given $34.50 Average Target Price by Analysts (americanbankingnews.com)
Several equities research analysts have commented on the stock. BidaskClub upgraded Materion Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Materion Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $34.00 price target on shares of Materion Corporation in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.67.
Shares of Materion Corporation (MTRN) traded down 0.65% during trading on Thursday, hitting $38.35. The stock had a trading volume of 56,221 shares. The stock has a 50-day moving average price of $37.49 and a 200 day moving average price of $36.03. The company has a market cap of $768.50 million, a P/E ratio of 30.93 and a beta of 1.16. Materion Corporation has a 12 month low of $25.82 and a 12 month high of $41.22.
Materion Corporation (NYSE:MTRN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $254.28 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities analysts expect that Materion Corporation will post $1.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, August 16th. Materion Corporation’s dividend payout ratio is currently 32.26%.
In other news, insider Richard J. Hipple sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $37.38, for a total transaction of $93,450.00. Following the completion of the sale, the insider now directly owns 57,091 shares in the company, valued at $2,134,061.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.29, for a total transaction of $114,870.00. Following the transaction, the vice president now directly owns 18,052 shares in the company, valued at approximately $691,211.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,500 shares of company stock worth $2,694,520. 2.90% of the stock is owned by corporate insiders.
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Materion Corporation Company Profile
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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