Materion (NYSE:MTRN) Releases FY 2024 Earnings Guidance

Materion (NYSE:MTRN) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 5.200-5.400 for the period, compared to the consensus EPS estimate of 5.270. The company issued revenue guidance of -. Materion also updated its FY24 guidance to $5.20-5.40 EPS.

Analyst Ratings Changes

Separately, StockNews.com raised Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Materion Stock Up 3.4 %

Shares of NYSE:MTRN opened at $105.12 on Friday. Materion has a 1 year low of $96.18 and a 1 year high of $145.08. The stock has a 50-day simple moving average of $107.16 and a 200-day simple moving average of $110.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.15. The stock has a market capitalization of $2.18 billion, a P/E ratio of 29.61 and a beta of 1.17.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $416.40 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that Materion will post 5.25 earnings per share for the current year.

Materion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, November 14th. Materion’s dividend payout ratio (DPR) is 15.21%.

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.