Mativ (NYSE:MATV) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Mativ (NYSE:MATV) issued its quarterly earnings results on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.06, FiscalAI reports. The company had revenue of $499.50 million for the quarter, compared to the consensus estimate of $510.00 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%.

Mativ Stock Performance

Shares of MATV traded up $0.22 during trading hours on Thursday, reaching $12.32. 526,047 shares of the company traded hands, compared to its average volume of 462,991. The stock’s fifty day moving average is $11.90 and its 200 day moving average is $10.29. The stock has a market cap of $678.86 million, a P/E ratio of 7.79 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.95 and a current ratio of 1.98. Mativ has a 1-year low of $7.07 and a 1-year high of $15.48.

Mativ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, November 27th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.2%. Mativ’s dividend payout ratio is currently 25.32%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen raised Mativ from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings raised Mativ from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Mativ

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.