Materion (NYSE:MTRN) released its quarterly earnings data on Thursday. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13, MarketWatch Earnings reports. Materion had a return on equity of 8.94% and a net margin of 2.74%. The business had revenue of $297.19 million for the quarter, compared to the consensus estimate of $307.70 million. Materion updated its FY 2018 guidance to $2.20-2.30 EPS.
Shares of NYSE MTRN traded up $0.79 during trading hours on Friday, hitting $58.12. 152,558 shares of the company traded hands, compared to its average volume of 106,322. The company has a market cap of $1.16 billion, a P/E ratio of 33.79 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.69 and a current ratio of 3.22. Materion has a 12 month low of $44.95 and a 12 month high of $65.10.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 8th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, November 7th. Materion’s dividend payout ratio is currently 24.42%.
Separately, Zacks Investment Research downgraded Materion from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $58.50.
Materion Company Profile
Materion Corp. engages in the production of engineered materials used in a variety of electrical, electronic, thermal, and structural applications. The company operates through the following segments: Performance Alloys and Composites, Advanced Materials and Other. The Performance Alloys and Composites segment produces strip and bulk form alloy products, strip metal products with clad inlay and overlay metals, beryllium-based metals, beryllium, and aluminum metal matrix composites, in rod, sheet, foil, and a variety of customized forms, beryllia ceramics, and bulk metallic glass material.
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