Mativ (MATV) to Release Earnings on Wednesday

Mativ (NYSE:MATV - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Mativ to post earnings of $0.25 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Mativ (NYSE:MATV - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. The firm had revenue of $452.30 million for the quarter, compared to analysts' expectations of $472.10 million. On average, analysts expect Mativ to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mativ Stock Performance

MATV traded down $0.26 during trading hours on Wednesday, hitting $18.00. The company's stock had a trading volume of 291,040 shares, compared to its average volume of 474,649. Mativ has a fifty-two week low of $10.78 and a fifty-two week high of $19.05. The company has a current ratio of 2.53, a quick ratio of 1.28 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $977.40 million, a PE ratio of -3.29, a PEG ratio of 2.06 and a beta of 0.74. The company has a 50-day simple moving average of $17.73 and a 200 day simple moving average of $14.87.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 7th. Mativ's dividend payout ratio (DPR) is presently -7.07%.

Insider Activity

In other news, Director Jeffrey Keenan purchased 3,000 shares of the stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $16.06 per share, for a total transaction of $48,180.00. Following the transaction, the director now owns 312,000 shares in the company, valued at $5,010,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.01% of the stock is owned by insiders.

Mativ Company Profile

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.