Milacron Holdings Corp. (MCRN) Expected to Post Quarterly Sales of $300.89 Million

Wall Street analysts expect that Milacron Holdings Corp. (NYSE:MCRN) will post sales of $300.89 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Milacron Holdings Corp.’s earnings, with estimates ranging from $299.70 million to $302.36 million. Milacron Holdings Corp. reported sales of $292.20 million in the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is expected to report its next earnings results on Tuesday, November 7th.

On average, analysts expect that Milacron Holdings Corp. will report full-year sales of $300.89 million for the current year, with estimates ranging from $1.19 billion to $1.20 billion. For the next financial year, analysts anticipate that the business will report sales of $1.23 billion per share, with estimates ranging from $1.21 billion to $1.24 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Milacron Holdings Corp..

Milacron Holdings Corp. (NYSE:MCRN) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. The business had revenue of $309.20 million during the quarter, compared to the consensus estimate of $308.25 million. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share.

A number of analysts recently weighed in on MCRN shares. BidaskClub cut shares of Milacron Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Robert W. Baird set a $23.00 target price on shares of Milacron Holdings Corp. and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, TheStreet raised shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Milacron Holdings Corp. currently has a consensus rating of “Hold” and a consensus price target of $21.33.

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Milacron Holdings Corp. (MCRN) traded up 1.02% during trading on Monday, reaching $15.87. The company had a trading volume of 263,634 shares. The firm has a 50-day moving average price of $16.64 and a 200 day moving average price of $17.69. The stock’s market cap is $1.10 billion. Milacron Holdings Corp. has a 12-month low of $12.43 and a 12-month high of $19.57.

In other news, CEO Thomas J. Goeke purchased 65,000 shares of Milacron Holdings Corp. stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $15.41 per share, for a total transaction of $1,001,650.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Gentilcore sold 15,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $19.14, for a total transaction of $287,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,593,812 shares of company stock worth $126,980,928. Company insiders own 3.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new position in Milacron Holdings Corp. in the first quarter valued at about $106,000. BNP Paribas Arbitrage SA boosted its position in Milacron Holdings Corp. by 765.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after buying an additional 5,089 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Milacron Holdings Corp. by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,297 shares of the industrial products company’s stock valued at $117,000 after buying an additional 300 shares in the last quarter. American International Group Inc. boosted its position in Milacron Holdings Corp. by 7.0% in the first quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock valued at $167,000 after buying an additional 588 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Milacron Holdings Corp. in the second quarter valued at about $185,000.

About Milacron Holdings Corp.

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

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