Mativ (NYSE:MATV) Issues Earnings Results, Misses Expectations By $0.17 EPS

Mativ (NYSE:MATV) announced its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17), Zacks reports. Mativ had a return on equity of 4.88% and a net margin of 5.44%.

Mativ Stock Performance

Shares of MATV stock traded up $0.06 on Wednesday, hitting $9.11. 619,476 shares of the stock were exchanged, compared to its average volume of 434,657. The firm’s 50 day moving average is $10.24 and its two-hundred day moving average is $14.04. Mativ has a one year low of $8.61 and a one year high of $19.96. The firm has a market capitalization of $495.04 million, a PE ratio of 4.65, a P/E/G ratio of 1.32 and a beta of 0.66. The company has a current ratio of 2.37, a quick ratio of 1.29 and a debt-to-equity ratio of 1.31.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a research note on Thursday, November 21st. They set a “hold” rating and a $15.50 price target for the company.

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.