Materion (MTRN) Set to Announce Earnings on Wednesday

Materion (NYSE:MTRN) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Materion has set its FY24 guidance at $6.10-6.50 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Materion (NYSE:MTRN) last released its earnings results on Thursday, February 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. Materion had a return on equity of 13.49% and a net margin of 5.75%. The business had revenue of $421.00 million during the quarter, compared to the consensus estimate of $420.50 million. During the same period last year, the business posted $1.49 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts expect Materion to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Materion Price Performance

MTRN stock traded up $1.46 during mid-day trading on Friday, hitting $120.09. 11,683 shares of the stock were exchanged, compared to its average volume of 97,422. Materion has a 12 month low of $92.23 and a 12 month high of $145.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.78 and a quick ratio of 1.05. The business has a fifty day moving average price of $129.52 and a 200 day moving average price of $119.80. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 26.21 and a beta of 1.14.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.43%. Materion’s payout ratio is 11.35%.

Insider Activity at Materion

In other news, CFO Shelly Marie Chadwick sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total transaction of $265,200.00. Following the transaction, the chief financial officer now directly owns 13,147 shares in the company, valued at $1,743,292.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $133.74, for a total value of $401,220.00. Following the transaction, the vice president now owns 14,510 shares of the company’s stock, valued at approximately $1,940,567.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total transaction of $265,200.00. Following the sale, the chief financial officer now owns 13,147 shares of the company’s stock, valued at $1,743,292.20. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, KeyCorp decreased their price objective on shares of Materion from $157.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, April 1st.

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.