Materion (NYSE:MTRN – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.20-5.40 for the period, compared to the consensus earnings per share estimate of $5.27. Materion also updated its FY 2024 guidance to 5.200-5.400 EPS.
Materion Trading Up 1.3 %
Materion stock traded up $1.37 during mid-day trading on Wednesday, hitting $107.96. The company’s stock had a trading volume of 7,721 shares, compared to its average volume of 98,331. The firm has a market capitalization of $2.24 billion, a PE ratio of 26.69 and a beta of 1.17. Materion has a 1 year low of $96.08 and a 1 year high of $145.08. The stock’s fifty day moving average is $107.60 and its two-hundred day moving average is $110.89. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51.
Materion (NYSE:MTRN – Get Free Report) last announced its earnings results on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. Materion had a return on equity of 12.20% and a net margin of 4.80%. The company had revenue of $425.87 million during the quarter, compared to analysts’ expectations of $424.02 million. During the same period last year, the business posted $1.38 EPS. Materion’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts anticipate that Materion will post 5.25 EPS for the current year.
Materion Announces Dividend
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.
Read Our Latest Analysis on MTRN
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.
Further Reading
- Five stocks we like better than Materion
- Insider Buying Explained: What Investors Need to Know
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Market Cap Calculator: How to Calculate Market Cap
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.