Materion (MTRN) to Release Earnings on Wednesday

Materion (NYSE:MTRN - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Materion has set its FY24 guidance at $6.10-6.50 EPS.Parties interested in registering for the company's conference call can do so using this link.

Materion (NYSE:MTRN - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.03. The firm had revenue of $421.00 million during the quarter, compared to the consensus estimate of $420.50 million. Materion had a return on equity of 13.49% and a net margin of 5.75%. The business's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.49 EPS. On average, analysts expect Materion to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Materion Stock Up 0.6 %

Materion stock traded up $0.77 during mid-day trading on Friday, hitting $119.40. The company's stock had a trading volume of 91,505 shares, compared to its average volume of 98,433. The firm's 50 day moving average is $129.14 and its 200 day moving average is $119.79. The company has a market cap of $2.48 billion, a PE ratio of 26.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.78 and a quick ratio of 1.05. Materion has a 52-week low of $92.23 and a 52-week high of $145.08.

Materion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 22nd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Wednesday, February 21st. Materion's dividend payout ratio is currently 11.35%.

Analysts Set New Price Targets

Separately, KeyCorp reduced their price objective on Materion from $157.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, April 1st.

Insiders Place Their Bets

In other Materion news, CFO Shelly Marie Chadwick sold 2,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total value of $265,200.00. Following the transaction, the chief financial officer now directly owns 13,147 shares of the company's stock, valued at approximately $1,743,292.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Gregory R. Chemnitz sold 3,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total transaction of $401,220.00. Following the transaction, the vice president now owns 14,510 shares of the company's stock, valued at approximately $1,940,567.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total value of $265,200.00. Following the transaction, the chief financial officer now directly owns 13,147 shares in the company, valued at approximately $1,743,292.20. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Materion Company Profile

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.