Materion (NYSE:MTRN) Updates FY20 Earnings Guidance

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Materion (NYSE:MTRN) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $3.15-3.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.29. Materion also updated its FY 2020
Pre-Market guidance to 3.15-3.30 EPS.

MTRN has been the topic of a number of research reports. Zacks Investment Research upgraded Materion from a sell rating to a hold rating in a research note on Thursday, December 26th. ValuEngine upgraded Materion from a sell rating to a hold rating in a research note on Saturday. Finally, TheStreet upgraded Materion from a c+ rating to a b- rating in a research note on Thursday.

Shares of MTRN traded down $1.98 during mid-day trading on Friday, hitting $53.06. The company’s stock had a trading volume of 136,351 shares, compared to its average volume of 126,269. The company has a current ratio of 3.75, a quick ratio of 2.23 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $58.50 and a 200 day simple moving average of $59.63. The firm has a market capitalization of $1.12 billion, a P/E ratio of 21.66 and a beta of 0.85. Materion has a 1-year low of $52.83 and a 1-year high of $71.97.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $295.33 million. Materion had a return on equity of 11.24% and a net margin of 4.27%. Materion’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. As a group, sell-side analysts predict that Materion will post 3.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.44 annualized dividend and a yield of 0.83%. Materion’s dividend payout ratio is presently 13.79%.

In related news, Director Craig S. Shular sold 4,637 shares of Materion stock in a transaction on Wednesday, January 15th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% 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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