Equities analysts expect that Materion Corp (NYSE:MTRN) will report earnings per share of $0.79 for the current quarter, Zacks reports. Three analysts have made estimates for Materion’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.69. Materion posted earnings of $0.54 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 46.3%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that Materion will report full year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.25. For the next year, analysts anticipate that the firm will report earnings of $3.32 per share, with EPS estimates ranging from $3.21 to $3.40. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Materion.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.22. The firm had revenue of $301.44 million during the quarter, compared to analyst estimates of $297.70 million. Materion had a return on equity of 10.20% and a net margin of 2.25%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share.

Several research firms have recently issued reports on MTRN. Zacks Investment Research upgraded Catasys from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday. ValuEngine upgraded XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th.

Shares of Materion stock traded up $0.16 during trading on Thursday, hitting $62.96. 120,100 shares of the company were exchanged, compared to its average volume of 122,792. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.45 and a beta of 0.94. Materion has a 1-year low of $42.50 and a 1-year high of $71.97. The stock has a fifty day moving average price of $64.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.32 and a quick ratio of 1.61.

In other Materion news, Director Craig S. Shular sold 4,127 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $63.08, for a total value of $260,331.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Vinod M. Khilnani sold 1,855 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $65.84, for a total value of $122,133.20. Following the completion of the sale, the director now owns 16,466 shares in the company, valued at approximately $1,084,121.44. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTRN. Oregon Public Employees Retirement Fund acquired a new position in shares of Materion during the 4th quarter worth approximately $346,000. BlackRock Inc. boosted its holdings in Materion by 3.2% in the fourth quarter. BlackRock Inc. now owns 3,091,415 shares of the basic materials company’s stock worth $139,084,000 after acquiring an additional 95,302 shares in the last quarter. Texas Permanent School Fund boosted its holdings in Materion by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 13,247 shares of the basic materials company’s stock worth $596,000 after acquiring an additional 514 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Materion by 15.2% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,573 shares of the basic materials company’s stock worth $341,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in Materion by 642.6% in the fourth quarter. Advisor Group Inc. now owns 2,525 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 2,185 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Materion Company Profile

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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Earnings History and Estimates for Materion (NYSE:MTRN)

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