Seaport Res Ptn Forecasts Reduced Earnings for Materion

Materion Co. (NYSE:MTRN) – Equities researchers at Seaport Res Ptn dropped their FY2024 earnings per share estimates for shares of Materion in a research report issued to clients and investors on Monday, November 4th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $5.28 for the year, down from their previous estimate 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 data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. Materion had a net margin of 4.45% and a return on equity of 12.06%. The business had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $416.40 million. During the same quarter in the prior year, the company earned $1.39 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis.

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

Materion Stock Performance

MTRN opened at $119.24 on Tuesday. The business’s 50-day moving average price is $106.59 and its two-hundred day moving average price is $110.39. Materion has a 1 year low of $96.18 and a 1 year high of $145.08. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 33.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.26.

Institutional Investors Weigh In On Materion

A number of hedge funds and other institutional investors have recently bought and sold shares of MTRN. BNP Paribas Financial Markets boosted its stake in shares of Materion by 8.5% in the 1st quarter. BNP Paribas Financial Markets now owns 18,761 shares of the basic materials company’s stock valued at $2,472,000 after purchasing an additional 1,464 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Materion by 9.6% in the 1st quarter. Nordea Investment Management AB now owns 80,258 shares of the basic materials company’s stock worth $10,767,000 after acquiring an additional 6,997 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Materion by 29.7% in the 1st quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock valued at $34,534,000 after purchasing an additional 60,030 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Materion by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 18,066 shares of the basic materials company’s stock valued at $2,380,000 after purchasing an additional 239 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Materion during the first quarter worth approximately $150,000. Institutional investors own 93.56% of the company’s stock.

Materion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.45%. The ex-dividend date is Thursday, November 14th. Materion’s payout ratio is 15.21%.

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.