Research Analysts Set Expectations for Milacron Holdings Corp’s Q3 2019 Earnings (NYSE:MCRN)

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Milacron Holdings Corp (NYSE:MCRN) – Research analysts at KeyCorp lowered their Q3 2019 earnings estimates for Milacron in a report released on Tuesday, April 30th, Zacks Investment Research reports. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.42. KeyCorp also issued estimates for Milacron’s Q4 2019 earnings at $0.44 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.45 EPS and FY2020 earnings at $1.65 EPS.

Several other equities analysts have also commented on MCRN. Zacks Investment Research lowered shares of Milacron from a “hold” rating to a “strong sell” rating in a research report on Monday, March 11th. Robert W. Baird lowered their price objective on shares of Milacron from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, February 21st. Finally, ValuEngine upgraded shares of Milacron from a “strong sell” rating to a “sell” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.00.

MCRN stock traded down $0.41 during trading on Thursday, hitting $12.85. 252,160 shares of the company’s stock traded hands, compared to its average volume of 529,584. Milacron has a 52 week low of $11.11 and a 52 week high of $22.09. The firm has a market capitalization of $927.08 million, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.88 and a beta of 1.55.

Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Milacron had a net margin of 2.91% and a negative return on equity of 74.38%. The firm had revenue of $248.70 million during the quarter, compared to analyst estimates of $279.52 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. Milacron’s revenue for the quarter was down 13.9% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of MCRN. Meeder Asset Management Inc. increased its position in Milacron by 54.0% during the 4th quarter. Meeder Asset Management Inc. now owns 2,312 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 811 shares during the period. Parametric Portfolio Associates LLC increased its position in Milacron by 0.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 212,086 shares of the industrial products company’s stock valued at $2,401,000 after purchasing an additional 883 shares during the period. Oppenheimer Asset Management Inc. increased its position in Milacron by 22.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,275 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 1,147 shares during the period. PNC Financial Services Group Inc. increased its position in Milacron by 26.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,751 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 1,417 shares during the period. Finally, Legal & General Group Plc increased its position in Milacron by 13.7% during the 4th quarter. Legal & General Group Plc now owns 12,721 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 1,535 shares during the period. 98.20% of the stock is currently owned by institutional investors.

In other news, insider Ling An-Heid sold 5,855 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $14.03, for a total value of $82,145.65. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Hugh C. Odonnell sold 3,021 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $14.03, for a total transaction of $42,384.63. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

About Milacron

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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Earnings History and Estimates for Milacron (NYSE:MCRN)

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