Mativ Holdings, Inc. (NYSE:MATV) Expected to Earn Q3 2024 Earnings of $0.41 Per Share

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Mativ Holdings, Inc. (NYSE:MATV - Free Report) - Research analysts at Sidoti Csr lowered their Q3 2024 earnings estimates for Mativ in a report released on Monday, May 13th. Sidoti Csr analyst D. Harriman now anticipates that the company will post earnings of $0.41 per share for the quarter, down from their previous forecast of $0.44. The consensus estimate for Mativ's current full-year earnings is $1.50 per share. Sidoti Csr also issued estimates for Mativ's Q4 2024 earnings at $0.36 EPS.

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Mativ (NYSE:MATV - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. The company had revenue of $452.30 million during the quarter, compared to analyst estimates of $472.10 million.

Mativ Stock Up 4.4 %

Mativ stock traded up $0.75 during mid-day trading on Tuesday, reaching $17.79. The stock had a trading volume of 295,985 shares, compared to its average volume of 461,053. The company has a 50-day moving average price of $18.04 and a two-hundred day moving average price of $15.19. The company has a market capitalization of $966.35 million, a price-to-earnings ratio of -2.95, a PEG ratio of 2.02 and a beta of 0.75. Mativ has a one year low of $10.78 and a one year high of $19.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.54 and a quick ratio of 1.40.

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Mativ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, May 23rd. Mativ's payout ratio is -6.62%.

Insider Transactions at Mativ

In related news, Director Jeffrey Keenan bought 3,000 shares of the stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $16.06 per share, for a total transaction of $48,180.00. Following the purchase, the director now owns 312,000 shares of the company's stock, valued at $5,010,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.01% of the company's stock.

Hedge Funds Weigh In On Mativ

Institutional investors and hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co increased its position in Mativ by 4.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 40,244 shares of the company's stock worth $754,000 after buying an additional 1,882 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in Mativ during the 1st quarter worth approximately $367,000. Chesapeake Capital Corp IL purchased a new position in Mativ during the first quarter valued at approximately $269,000. First Eagle Investment Management LLC lifted its holdings in Mativ by 28.7% during the first quarter. First Eagle Investment Management LLC now owns 408,604 shares of the company's stock valued at $7,661,000 after purchasing an additional 91,192 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of Mativ in the first quarter worth approximately $108,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

About Mativ

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Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.

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