Materion (MTRN) Releases FY18 Earnings Guidance
Materion (NYSE:MTRN) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.95-2.10 for the period, compared to the Thomson Reuters consensus estimate of $1.98.
Shares of Materion (MTRN) traded up $3.00 on Thursday, hitting $50.05. 22,317 shares of the stock traded hands, compared to its average volume of 124,050. The firm has a market capitalization of $924.00, a PE ratio of 36.19 and a beta of 1.06. Materion has a 1-year low of $31.05 and a 1-year high of $53.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Materion’s dividend payout ratio is presently 30.77%.
In related news, Director Richard J. Hipple sold 4,364 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $49.64, for a total transaction of $216,628.96. Following the sale, the director now directly owns 37,760 shares in the company, valued at $1,874,406.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig S. Shular sold 5,267 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $52.73, for a total transaction of $277,728.91. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
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Materion Company Profile
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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