Materion Corporation (MTRN) Earns Coverage Optimism Score of 0.11
Headlines about Materion Corporation (NYSE:MTRN) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Materion Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 44.498380422699 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Materion Corporation (MTRN) Director Sells $398,080.00 in Stock (americanbankingnews.com)
- Materion Corporation (MTRN) Director Sells $485,844.26 in Stock (americanbankingnews.com)
- $288.17 Million in Sales Expected for Materion Corporation (MTRN) This Quarter (americanbankingnews.com)
- Analysts Expect Materion Corporation (MTRN) Will Announce Earnings of $0.39 Per Share (americanbankingnews.com)
- Materion Corp. : MTRN-US: Dividend Analysis : November 08th, 2017 (record date) : By the numbers : November 13, 2017 (finance.yahoo.com)
A number of research firms recently issued reports on MTRN. BidaskClub downgraded shares of Materion Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Materion Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, September 27th. KeyCorp reissued a “hold” rating on shares of Materion Corporation in a research note on Monday. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price target on shares of Materion Corporation in a research note on Thursday, October 12th.
Materion Corporation (NYSE:MTRN) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.10. Materion Corporation had a net margin of 2.48% and a return on equity of 6.08%. The business had revenue of $294.27 million during the quarter, compared to the consensus estimate of $290.96 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. equities research analysts anticipate that Materion Corporation will post 1.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Tuesday, November 7th. Materion Corporation’s dividend payout ratio is 30.77%.
In other news, Director N Mohan Reddy sold 11,393 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $50.11, for a total transaction of $570,903.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $49.60, for a total transaction of $148,800.00. Following the sale, the vice president now owns 13,061 shares in the company, valued at approximately $647,825.60. The disclosure for this sale can be found here. Insiders have sold 44,106 shares of company stock valued at $2,204,267 in the last ninety days. Insiders own 2.90% of the company’s stock.
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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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