Materion (NYSE:MTRN) Releases Earnings Results, Beats Estimates By $0.01 EPS

Materion (NYSE:MTRN) posted its quarterly earnings data on Thursday. The basic materials company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01, reports. The company had revenue of $280.20 million during the quarter, compared to analyst estimates of $295.33 million. Materion had a net margin of 1.25% and a return on equity of 11.28%. Materion’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Materion updated its FY 2020
Pre-Market guidance to 3.15-3.30 EPS and its FY20 guidance to $3.15-3.30 EPS.

NYSE MTRN traded down $3.37 on Thursday, hitting $55.04. 150,413 shares of the stock were exchanged, compared to its average volume of 122,080. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.23 and a current ratio of 3.75. The stock has a fifty day moving average price of $58.63 and a two-hundred day moving average price of $59.68. The firm has a market capitalization of $1.16 billion, a P/E ratio of 77.52 and a beta of 0.85. Materion has a 52-week low of $49.85 and a 52-week high of $71.97.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, February 18th. Materion’s payout ratio is 18.49%.

Several research firms have commented on MTRN. ValuEngine lowered shares of Materion from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Zacks Investment Research raised shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, December 26th. Finally, TheStreet lowered shares of Materion from a “b-” rating to a “c+” rating in a research note on Tuesday, December 31st.

In other Materion news, Director Craig S. Shular sold 4,637 shares of Materion stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $60.65, for a total transaction of $281,234.05. Following the completion of the transaction, the director now directly owns 4,637 shares of the company’s stock, valued at $281,234.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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 for Materion (NYSE:MTRN)

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