Materion (NYSE:MTRN – Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.40 per share for the quarter. Materion has set its FY24 guidance at $5.60-5.90 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Materion (NYSE:MTRN – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $425.87 million for the quarter, compared to the consensus estimate of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.38 earnings per share. On average, analysts expect Materion to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Materion Stock Performance
Shares of NYSE:MTRN opened at $103.84 on Monday. The firm has a 50 day moving average of $107.89 and a 200 day moving average of $111.18. The company has a quick ratio of 1.21, a current ratio of 3.25 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 26.03 and a beta of 1.17. Materion has a 52 week low of $93.67 and a 52 week high of $145.08.
Materion Announces Dividend
Analyst Ratings Changes
Separately, StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.
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.
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