Materion (NYSE:MTRN) Issues FY 2020 Pre-Market Earnings Guidance

Materion (NYSE:MTRN) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of 3.15-3.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.28. Materion also updated its FY20 guidance to $3.15-3.30 EPS.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Materion from a sell rating to a hold rating in a research note on Thursday, December 26th. TheStreet cut shares of Materion from a b- rating to a c+ rating in a research note on Tuesday, December 31st. Finally, ValuEngine cut shares of Materion from a hold rating to a sell rating in a research note on Wednesday, November 13th.

Shares of MTRN traded down $1.98 during mid-day trading on Friday, hitting $53.06. 136,376 shares of the company’s stock were exchanged, compared to its average volume of 122,544. The company has a market cap of $1.16 billion, a PE ratio of 74.73 and a beta of 0.85. Materion has a 52 week low of $52.83 and a 52 week high of $71.97. The company has a 50-day simple moving average of $58.50 and a 200 day simple moving average of $59.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.75 and a quick ratio of 2.23.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $295.33 million. Materion had a net margin of 1.25% and a return on equity of 11.28%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. On average, analysts anticipate that Materion will post 3.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Wednesday, February 19th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.83%. Materion’s dividend payout ratio is presently 18.49%.

In related news, Director Craig S. Shular sold 4,637 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $60.65, for a total value 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

About Materion

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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