Materion (NYSE:MTRN) Releases FY24 Earnings Guidance

Materion (NYSE:MTRN) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.20-5.40 for the period, compared to the consensus estimate of $5.27. Materion also updated its FY 2024 guidance to 5.200-5.400 EPS.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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 traded up $3.49 during midday trading on Friday, hitting $105.12. 83,898 shares of the stock were exchanged, compared to its average volume of 98,551. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.15. Materion has a 52-week low of $96.18 and a 52-week high of $145.08. The business’s fifty day simple moving average is $107.16 and its two-hundred day simple moving average is $110.79. The company has a market capitalization of $2.18 billion, a PE ratio of 29.59 and a beta of 1.17.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (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 during the quarter, compared to analyst estimates of $416.40 million. During the same period last year, the company earned $1.39 earnings per share. Materion’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Materion will post 5.25 earnings per share for the current fiscal year.

Materion Announces Dividend

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

Materion Company Profile

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.