Materion (NYSE:MTRN – Get Free Report) is set to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Materion to post earnings of $1.40 per share for the quarter. Materion has set its FY24 guidance at $5.60-5.90 EPS.
Materion (NYSE:MTRN – Get Free Report) last issued its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $425.87 million for the quarter, compared to analysts’ expectations of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. Materion’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.38 earnings per share. On average, analysts expect Materion to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Materion Stock Up 0.1 %
NYSE:MTRN opened at $103.58 on Thursday. Materion has a 52 week low of $93.60 and a 52 week high of $145.08. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $2.15 billion, a PE ratio of 25.96 and a beta of 1.17. The stock has a 50 day moving average of $108.27 and a 200-day moving average of $111.58.
Materion Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.
Get Our Latest Stock Analysis on Materion
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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