Materion (NYSE:MTRN) Posts Earnings Results, Beats Estimates By $0.19 EPS

Key Points

• Materion reported earnings of $1.37 EPS for the quarter, exceeding analysts' expectations by $0.19, with a total revenue of $431.66 million, up 1.4% from the previous year.
• The company has updated its FY 2025 guidance to an EPS range of $5.300-$5.700.
• Materion declared a quarterly dividend of $0.14 per share, maintaining a payout ratio of 112.00%.

Materion (NYSE:MTRN - Get Free Report) released its quarterly earnings results on Wednesday. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.19, Briefing.com reports. The firm had revenue of $431.66 million for the quarter, compared to the consensus estimate of $403.73 million. Materion had a return on equity of 12.69% and a net margin of 0.94%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted $1.42 EPS. Materion updated its FY 2025 guidance to 5.300-5.700 EPS.

Materion Price Performance

Shares of Materion stock traded up $2.90 during trading hours on Tuesday, hitting $108.53. The company's stock had a trading volume of 180,651 shares, compared to its average volume of 149,078. The business has a 50 day moving average price of $85.13 and a two-hundred day moving average price of $86.25. Materion has a 12-month low of $69.10 and a 12-month high of $123.21. The company has a market cap of $2.25 billion, a PE ratio of 135.66 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17.

Materion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 29th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.5%. This is a boost from Materion's previous quarterly dividend of $0.14. The ex-dividend date was Thursday, May 29th. Materion's dividend payout ratio (DPR) is presently 70.00%.

Hedge Funds Weigh In On Materion

Several large investors have recently made changes to their positions in MTRN. Jones Financial Companies Lllp bought a new stake in Materion during the first quarter worth approximately $34,000. AQR Capital Management LLC bought a new stake in Materion during the first quarter worth approximately $201,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Materion by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,045 shares of the basic materials company's stock worth $4,410,000 after acquiring an additional 5,894 shares during the last quarter. Jane Street Group LLC increased its stake in Materion by 44.9% during the first quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company's stock worth $2,882,000 after acquiring an additional 10,940 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Materion by 54.1% during the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company's stock worth $7,280,000 after acquiring an additional 31,305 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTRN has been the topic of a number of research reports. Wall Street Zen downgraded Materion from a "buy" rating to a "hold" rating in a research note on Saturday. KeyCorp upgraded Materion from a "sector weight" rating to an "overweight" rating and set a $112.00 target price on the stock in a research report on Friday, July 18th.

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.