Materion Corp (NYSE:MTRN) has earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus price target of $33.00 for the company and are expecting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Materion Corp an industry rank of 177 out of 265 based on the ratings given to related companies.
Shares of Materion Corp (NYSE:MTRN) opened at 28.00 on Monday. Materion Corp has a one year low of $26.02 and a one year high of $41.85. The firm has a market cap of $560.06 million and a P/E ratio of 15.37. The firm has a 50 day moving average price of $28.37 and a 200-day moving average price of $31.62.
Materion Corp (NYSE:MTRN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm earned $244.50 million during the quarter, compared to the consensus estimate of $279 million. During the same period in the previous year, the company posted $0.51 EPS. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. Analysts forecast that Materion Corp will post $1.59 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $33.00 price target (down previously from $35.00) on shares of Materion Corp in a report on Friday, October 30th. Zacks Investment Research cut Materion Corp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 3rd.
Materion Corporation is a holding company. The Company is an integrated producer of engineered materials used in a variety of electrical, electronic, thermal and structural applications. The Company’s products are sold in markets, including consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense and commercial aerospace. The Company operates in three segments. The Company’s Performance Alloys and Composites segment include performance metals and technical materials. The Company’s technical materials produces strip metal products with clad inlay and overlay metals. The Company’s Advanced Materials produces chemicals, microelectronics packaging, precious metal, non-precious metal and specialty metal products. The Company’s Other segment includes precision optics and large area coatings. The Company, through its subsidiaries, has operations in the United States, Europe and Asia.
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