Materion (MTRN) Issues FY18 Earnings Guidance
Materion (NYSE:MTRN) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.95-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.98.
Shares of Materion (NYSE:MTRN) opened at $47.05 on Thursday. The stock has a market cap of $924.00, a P/E ratio of 36.19 and a beta of 1.06. Materion has a 12 month low of $31.05 and a 12 month high of $53.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. Materion’s dividend payout ratio is currently 30.77%.
In related news, Director Craig S. Shular sold 5,267 shares of Materion stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $52.73, for a total value of $277,728.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard J. Hipple sold 4,364 shares of Materion stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total transaction of $216,628.96. Following the completion of the sale, the director now owns 37,760 shares of the company’s stock, valued at approximately $1,874,406.40. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
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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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