Seaport Res Ptn Forecasts Reduced Earnings for Materion

Materion Co. (NYSE:MTRN) – Analysts at Seaport Res Ptn cut their FY2024 earnings per share (EPS) estimates for Materion in a note issued to investors on Monday, November 4th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings per share of $5.28 for the year, down from their prior forecast of $5.30. The consensus estimate for Materion’s current full-year earnings is $5.25 per share. Seaport Res Ptn also issued estimates for Materion’s Q4 2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.59 EPS, Q4 2025 earnings at $1.73 EPS, FY2025 earnings at $6.18 EPS and FY2026 earnings at $7.47 EPS.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. The company had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share.

Separately, StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

Materion Trading Up 0.9 %

MTRN opened at $106.02 on Tuesday. The firm has a market cap of $2.20 billion, a P/E ratio of 29.86 and a beta of 1.19. Materion has a 12 month low of $96.18 and a 12 month high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $106.88 and a 200 day moving average of $110.50.

Materion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.54 annualized dividend and a dividend yield of 0.51%. Materion’s dividend payout ratio (DPR) is presently 15.21%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MTRN. Opal Wealth Advisors LLC purchased a new position in shares of Materion during the second quarter valued at approximately $25,000. Quest Partners LLC raised its stake in shares of Materion by 25,600.0% during the second quarter. Quest Partners LLC now owns 257 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of Materion during the second quarter valued at approximately $38,000. ARK Investment Management LLC bought a new stake in shares of Materion during the third quarter valued at approximately $85,000. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of Materion during the second quarter valued at approximately $92,000. Hedge funds and other institutional investors own 93.56% 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.