Materion Corp (NYSE:MTRN) – Analysts at Jefferies Group dropped their FY2018 earnings estimates for Materion in a report released on Tuesday. Jefferies Group analyst M. Englert now anticipates that the basic materials company will post earnings of $1.98 per share for the year, down from their previous forecast of $2.50. Jefferies Group currently has a “Hold” rating and a $46.00 price target on the stock.

Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. The company had revenue of $294.27 million during the quarter, compared to analysts’ expectations of $290.96 million. Materion had a net margin of 2.48% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.

A number of other equities analysts have also recently weighed in on MTRN. Zacks Investment Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, KeyCorp restated a “hold” rating on shares of Materion in a research report on Monday, November 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.00.

Materion (NYSE MTRN) traded down $0.25 during trading hours on Thursday, reaching $52.70. 90,404 shares of the company’s stock were exchanged, compared to its average volume of 129,408. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48. The firm has a market capitalization of $1,060.00, a PE ratio of 40.54 and a beta of 1.09. Materion has a 52 week low of $31.05 and a 52 week high of $53.65.

In other news, VP Gregory R. Chemnitz sold 4,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $50.16, for a total transaction of $200,640.00. Following the completion of the sale, the vice president now owns 13,245 shares of the company’s stock, valued at $664,369.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory R. Chemnitz sold 3,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $49.60, for a total transaction of $148,800.00. Following the sale, the vice president now directly owns 13,061 shares of the company’s stock, valued at approximately $647,825.60. The disclosure for this sale can be found here. Insiders have sold 48,470 shares of company stock valued at $2,420,896 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. purchased a new stake in shares of Materion during the second quarter worth $280,000. State Street Corp grew its holdings in shares of Materion by 4.2% during the second quarter. State Street Corp now owns 672,956 shares of the basic materials company’s stock worth $25,167,000 after buying an additional 26,973 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Materion by 52.2% during the third quarter. BNP Paribas Arbitrage SA now owns 11,651 shares of the basic materials company’s stock worth $503,000 after buying an additional 3,994 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Materion during the third quarter worth $441,000. Finally, Algert Global LLC grew its holdings in shares of Materion by 65.9% during the third quarter. Algert Global LLC now owns 59,198 shares of the basic materials company’s stock worth $2,554,000 after buying an additional 23,512 shares in the last quarter. 89.99% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for Materion Corp (MTRN) Lowered by Analyst” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2018/01/13/fy2018-eps-estimates-for-materion-corp-mtrn-lowered-by-analyst.html.

Materion 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.

Receive News & Stock Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related stocks with our FREE daily email newsletter.