Materion (MTRN) Set to Announce Earnings on Wednesday

Materion (NYSE:MTRN) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Materion to post earnings of $0.98 per share for the quarter. Materion has set its FY24 guidance at $6.10-6.50 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.03. The firm had revenue of $421.00 million for the quarter, compared to analysts’ expectations of $420.50 million. Materion had a net margin of 5.75% and a return on equity of 13.49%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. On average, analysts expect Materion to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Materion Trading Down 3.0 %

Shares of MTRN stock traded down $3.62 on Tuesday, hitting $117.10. 22,096 shares of the stock traded hands, compared to its average volume of 97,051. The firm’s 50-day moving average price is $128.44 and its two-hundred day moving average price is $120.38. Materion has a twelve month low of $92.23 and a twelve month high of $145.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 2.78. The stock has a market capitalization of $2.43 billion, a PE ratio of 26.37 and a beta of 1.14.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were given a $0.13 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.44%. Materion’s payout ratio is currently 11.35%.

Insider Buying and Selling at Materion

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total transaction of $401,220.00. Following the sale, the vice president now owns 14,510 shares of the company’s stock, valued at $1,940,567.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total transaction of $401,220.00. Following the sale, the vice president now owns 14,510 shares of the company’s stock, valued at $1,940,567.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total transaction of $265,200.00. Following the sale, the chief financial officer now directly owns 13,147 shares in the company, valued at approximately $1,743,292.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, KeyCorp decreased their target price on shares of Materion from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.