Materion (MTRN) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Materion in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTRN shares.
View MTRN analyst ratings or view top-rated stocks.

3 brokerages have issued 1-year target prices for Materion's shares. Their MTRN share price forecasts range from $133.00 to $133.00. On average, they expect the company's share price to reach $133.00 in the next year. This suggests a possible upside of 30.5% from the stock's current price.
View analysts price targets for MTRN or view top-rated stocks among Wall Street analysts.

Materion's stock was trading at $87.51 at the start of the year. Since then, MTRN stock has increased by 16.5% and is now trading at $101.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MTRN earnings forecast.

Materion Co. (NYSE:MTRN) issued its earnings results on Wednesday, August, 2nd. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.02. The basic materials company had revenue of $398.60 million for the quarter, compared to analysts' expectations of $451.22 million. Materion had a trailing twelve-month return on equity of 13.92% and a net margin of 5.77%. The company's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share.

Materion declared a quarterly dividend on Wednesday, August 9th. Shareholders of record on Friday, August 25th will be given a dividend of $0.13 per share on Thursday, September 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for MTRN.

ETFs with the largest weight of Materion (NYSE:MTRN) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), ProShares Smart Materials ETF (TINT), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Direxion Daily Metals & Mining Bull 2X Shares (MNM), SPDR S&P Metals & Mining ETF (XME) and ProShares Russell 2000 Dividend Growers ETF (SMDV).SPDR S&P 600 Small Cap ETF (SLY).

Materion (NYSE:MTRN) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.51%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 11.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTRN will have a dividend payout ratio of 7.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTRN.

Materion issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $5.60-$6.00 for the period, compared to the consensus EPS estimate of $5.77. The company issued revenue guidance of -.

13 employees have rated Materion Chief Executive Officer Jugal K. Vijayvargiya on Glassdoor.com. Jugal K. Vijayvargiya has an approval rating of 52% among the company's employees. This puts Jugal K. Vijayvargiya in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Materion investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Accenture (ACN), Endologix (ELGX), AbbVie (ABBV), Micron Technology (MU), Costco Wholesale (COST), Starbucks (SBUX) and Agrium (AGU).

Materion trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTRN."

Shares of MTRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTRN stock can currently be purchased for approximately $101.91.

Materion (NYSE:MTRN) has a market capitalization of $2.10 billion and generates $1.76 billion in revenue each year. The basic materials company earns $85.99 million in net income (profit) each year or $4.72 on an earnings per share basis.

The company employs 3,723 workers across the globe.

Materion's mailing address is 6070 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH, 44124. The official website for the company is www.materion.com. The basic materials company can be reached via phone at (216) 486-4200, via email at investor.contact@materion.com, or via fax at 216-383-4091.