FY2024 EPS Estimates for Materion Cut by Seaport Res Ptn

Materion Co. (NYSE:MTRN - Free Report) - Investment analysts at Seaport Res Ptn decreased their FY2024 earnings estimates for shares of Materion in a research note issued to investors on Monday, November 4th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $5.28 for the year, down from their previous forecast of $5.30. The consensus estimate for Materion's current full-year earnings is $5.25 per share. Seaport Res Ptn also issued estimates for Materion's Q4 2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.59 EPS, Q4 2025 earnings at $1.73 EPS, FY2025 earnings at $6.18 EPS and FY2026 earnings at $7.47 EPS.

Materion (NYSE:MTRN - Get Free Report) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.41. The business had revenue of $436.70 million for the quarter, compared to analysts' expectations of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS.

Separately, StockNews.com upgraded Materion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.

Materion Price Performance

Shares of MTRN stock traded up $2.59 on Tuesday, reaching $108.61. The company's stock had a trading volume of 57,938 shares, compared to its average volume of 98,269. The company has a market capitalization of $2.25 billion, a P/E ratio of 30.03 and a beta of 1.19. Materion has a 12-month low of $96.18 and a 12-month high of $145.08. The stock's 50 day simple moving average is $106.64 and its 200-day simple moving average is $110.40. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51.

Institutional Investors Weigh In On Materion

Large investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Materion during the 2nd quarter valued at about $25,000. Quest Partners LLC grew its position in Materion by 25,600.0% during the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Materion during the second quarter worth approximately $38,000. ARK Investment Management LLC bought a new stake in shares of Materion in the 3rd quarter worth approximately $85,000. Finally, Brown Lisle Cummings Inc. purchased a new stake in shares of Materion in the 2nd quarter valued at $92,000. Hedge funds and other institutional investors own 93.56% of the company's stock.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.50%. Materion's dividend payout ratio is presently 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.