Mativ (NYSE:MATV) Announces Quarterly Earnings Results

Mativ (NYSE:MATV) issued its quarterly earnings data on Wednesday. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06, FiscalAI reports. The company had revenue of $463.10 million for the quarter, compared to analyst estimates of $469.55 million. Mativ had a positive return on equity of 7.06% and a negative net margin of 22.03%.

Mativ Price Performance

MATV traded up $0.18 on Wednesday, reaching $14.44. 219,735 shares of the company’s stock were exchanged, compared to its average volume of 282,357. Mativ has a twelve month low of $4.34 and a twelve month high of $15.48. The stock has a market cap of $789.80 million, a PE ratio of -1.80 and a beta of 0.82. The company has a debt-to-equity ratio of 2.62, a current ratio of 2.14 and a quick ratio of 1.09. The stock’s fifty day moving average price is $12.93 and its 200-day moving average price is $12.00.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Mativ from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Mativ in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mativ presently has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MATV. Vanguard Group Inc. increased its holdings in shares of Mativ by 3.0% in the third quarter. Vanguard Group Inc. now owns 3,544,584 shares of the company’s stock valued at $40,089,000 after purchasing an additional 103,074 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Mativ by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,169,973 shares of the company’s stock valued at $26,367,000 after buying an additional 111,722 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Mativ by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,617 shares of the company’s stock valued at $21,720,000 after buying an additional 188,677 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mativ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,289,632 shares of the company’s stock worth $15,672,000 after acquiring an additional 8,891 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Mativ by 1,978.4% during the 1st quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock worth $6,209,000 after acquiring an additional 948,720 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.