Materion (NYSE:MTRN) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.15-3.30 for the period, compared to the Thomson Reuters consensus estimate of $3.28. Materion also updated its FY20 guidance to $3.15-3.30 EPS.

Several research firms have issued reports on MTRN. Zacks Investment Research raised Materion from a sell rating to a hold rating in a research note on Thursday, December 26th. ValuEngine downgraded Materion from a hold rating to a sell rating in a research note on Wednesday, November 13th. Finally, TheStreet downgraded Materion from a b- rating to a c+ rating in a research note on Tuesday, December 31st.

Shares of MTRN traded down $1.98 during midday trading on Friday, hitting $53.06. The stock had a trading volume of 136,376 shares, compared to its average volume of 122,544. The company has a 50 day simple moving average of $58.50 and a two-hundred day simple moving average of $59.63. Materion has a twelve month low of $52.83 and a twelve month high of $71.97. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 74.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.75 and a quick ratio of 2.23.

Materion (NYSE:MTRN) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Materion had a return on equity of 11.28% and a net margin of 1.25%. The firm had revenue of $280.20 million for the quarter, compared to the consensus estimate of $295.33 million. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts forecast that Materion will post 3.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Wednesday, February 19th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, February 18th. Materion’s dividend payout ratio is currently 18.49%.

In related news, Director Craig S. Shular sold 4,637 shares of Materion stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $60.65, for a total value of $281,234.05. Following the sale, the director now owns 4,637 shares of the company’s stock, valued at $281,234.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

Materion Company Profile

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

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