Analysts forecast that Materion Corp (NYSE:MTRN) will report earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Materion’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.37. Materion reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year over year growth rate of 35.7%. The firm is expected to issue its next earnings results on Friday, February 16th.

According to Zacks, analysts expect that Materion will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.61. For the next fiscal year, analysts anticipate that the company will report earnings of $2.17 per share, with EPS estimates ranging from $1.86 to $2.50. Zacks’ EPS averages are an average based on a survey of analysts that follow Materion.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Materion had a return on equity of 6.08% and a net margin of 2.48%. The company had revenue of $294.27 million for the quarter, compared to analysts’ expectations of $290.96 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year.

A number of research firms recently commented on MTRN. Zacks Investment Research raised Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a report on Wednesday, December 27th. ValuEngine cut Materion from a “buy” rating to a “hold” rating in a report on Friday, December 1st. KeyCorp reissued a “hold” rating on shares of Materion in a report on Monday, November 13th. BidaskClub raised Materion from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Jefferies Group reissued a “hold” rating and issued a $36.00 price target on shares of Materion in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.00.

Materion (MTRN) remained flat at $$50.75 during midday trading on Friday. The company had a trading volume of 91,014 shares, compared to its average volume of 124,264. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. Materion has a fifty-two week low of $31.05 and a fifty-two week high of $52.10. The company has a market capitalization of $1,020.00, a PE ratio of 39.04 and a beta of 1.09.

In other Materion news, Director Richard J. Hipple sold 4,364 shares of Materion stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total value of $216,628.96. Following the sale, the director now owns 37,760 shares of the company’s stock, valued at approximately $1,874,406.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Chemnitz sold 4,000 shares of Materion stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $50.16, for a total value of $200,640.00. Following the completion of the sale, the vice president now directly owns 13,245 shares in the company, valued at approximately $664,369.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,470 shares of company stock worth $2,420,896. 2.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in Materion by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 34 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Materion by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,496 shares of the basic materials company’s stock worth $580,000 after purchasing an additional 58 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Materion by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 669 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Materion by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 86,859 shares of the basic materials company’s stock worth $3,248,000 after purchasing an additional 700 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Materion by 5.0% during the 2nd quarter. Pinnacle Associates Ltd. now owns 16,225 shares of the basic materials company’s stock worth $607,000 after purchasing an additional 775 shares during the last quarter. 89.99% of the stock is currently owned by institutional investors and hedge funds.

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About Materion

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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