M-tron Industries, Inc. to Post Q1 2024 Earnings of $0.49 Per Share, Sidoti Csr Forecasts (NYSEAMERICAN:MPTI)

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) – Analysts at Sidoti Csr increased their Q1 2024 EPS estimates for shares of M-tron Industries in a report released on Wednesday, March 27th. Sidoti Csr analyst A. Soderstrom now expects that the company will post earnings of $0.49 per share for the quarter, up from their prior estimate of $0.48. The consensus estimate for M-tron Industries’ current full-year earnings is $1.95 per share. Sidoti Csr also issued estimates for M-tron Industries’ Q2 2024 earnings at $0.51 EPS, Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $2.01 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.22 EPS.

M-tron Industries Stock Up 6.4 %

NYSEAMERICAN:MPTI opened at $31.60 on Thursday. The firm has a market cap of $88.48 million, a P/E ratio of 23.39, a P/E/G ratio of 0.51 and a beta of 0.46. M-tron Industries has a one year low of $10.00 and a one year high of $45.60.

Insider Transactions at M-tron Industries

In other M-tron Industries news, Director Madonna Educational Founda Emg sold 29,044 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $39.99, for a total transaction of $1,161,469.56. Following the sale, the director now owns 40,097 shares of the company’s stock, valued at approximately $1,603,479.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Madonna Educational Founda Emg sold 29,044 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $39.99, for a total value of $1,161,469.56. Following the sale, the director now directly owns 40,097 shares in the company, valued at approximately $1,603,479.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President William Arnold Drafts sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the sale, the president now owns 14,718 shares in the company, valued at $588,720. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,613 shares of company stock valued at $4,056,322. 19.40% of the stock is owned by insiders.

Institutional Trading of M-tron Industries

A number of large investors have recently bought and sold shares of MPTI. Gamco Investors INC. ET AL grew its stake in shares of M-tron Industries by 13.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 270,968 shares of the company’s stock worth $3,008,000 after acquiring an additional 32,500 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of M-tron Industries by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 55,002 shares of the company’s stock valued at $1,964,000 after acquiring an additional 1,635 shares during the period. Renaissance Technologies LLC bought a new stake in shares of M-tron Industries in the fourth quarter valued at about $683,000. Dimensional Fund Advisors LP bought a new stake in shares of M-tron Industries in the fourth quarter valued at about $443,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in M-tron Industries during the fourth quarter worth about $252,000. 23.31% of the stock is owned by institutional investors.

About M-tron Industries

M-tron Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.