Materion (MTRN) to Release Quarterly Earnings on Wednesday

Materion (NYSE:MTRN - Get Free Report) is set to issue 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.

Materion (NYSE:MTRN - Get Free Report) last posted its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $425.87 million for the quarter, compared to analysts' expectations of $424.02 million. Materion had a return on equity of 12.20% and a net margin of 4.80%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous 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 Up 0.7 %

Materion stock traded up $0.75 on Thursday, hitting $104.33. 85,162 shares of the stock traded hands, compared to its average volume of 99,323. Materion has a 1 year low of $93.67 and a 1 year high of $145.08. The firm has a market cap of $2.16 billion, a P/E ratio of 26.15 and a beta of 1.17. The business's fifty day simple moving average is $108.07 and its 200 day simple moving average is $111.53. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, November 14th. Materion's dividend payout ratio (DPR) is currently 13.53%.

Analyst Upgrades and Downgrades

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

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.