Materion (NYSE:MTRN) Releases Quarterly Earnings Results, Beats Expectations 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) posted its earnings results on Wednesday. The basic materials company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.19, Briefing.com reports. Materion had a return on equity of 12.69% and a net margin of 0.94%. The firm had revenue of $431.66 million during the quarter, compared to the consensus estimate of $403.73 million. During the same period in the prior year, the company earned $1.42 EPS. The company's quarterly revenue was up 1.4% compared to the same quarter last year. Materion updated its FY 2025 guidance to 5.300-5.700 EPS.

Materion Stock Performance

NYSE:MTRN opened at $105.22 on Friday. The firm has a market capitalization of $2.19 billion, a PE ratio of 131.53 and a beta of 0.80. The stock's fifty day moving average is $83.99 and its 200 day moving average is $86.36. Materion has a fifty-two week low of $69.10 and a fifty-two week high of $123.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 3.17.

Materion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 29th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, May 29th. This is a boost from Materion's previous quarterly dividend of $0.14. Materion's payout ratio is currently 112.00%.

Insider Buying and Selling

In other news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $80.45, for a total value of $160,900.00. Following the sale, the vice president owned 13,376 shares of the company's stock, valued at approximately $1,076,099.20. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Materion

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Materion by 54.1% during the first quarter. Millennium Management LLC now owns 89,212 shares of the basic materials company's stock valued at $7,280,000 after buying an additional 31,305 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Materion by 12.2% during the 1st 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 boosted its holdings in Materion by 44.9% during the 1st quarter. Jane Street Group LLC now owns 35,319 shares of the basic materials company's stock valued at $2,882,000 after acquiring an additional 10,940 shares during the period. AQR Capital Management LLC purchased a new position in Materion during the 1st quarter valued at $201,000. Finally, Jones Financial Companies Lllp bought a new position in Materion in the 1st quarter valued at $34,000. 93.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Materion from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. KeyCorp raised shares of Materion from a "sector weight" rating to an "overweight" rating and set a $112.00 price target for the company in a 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.

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