Materion (NYSE:MTRN) Issues FY 2024 Earnings Guidance

Materion (NYSE:MTRN) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.200-5.400 for the period, compared to the consensus estimate of 5.270. The company issued revenue guidance of -. Materion also updated its FY24 guidance to $5.20-5.40 EPS.

Materion Price Performance

Shares of Materion stock traded up $3.49 on Friday, reaching $105.12. The stock had a trading volume of 83,898 shares, compared to its average volume of 98,551. The business’s 50 day moving average is $107.16 and its two-hundred day moving average is $110.79. The company has a market cap of $2.18 billion, a P/E ratio of 29.59 and a beta of 1.17. Materion has a 1 year low of $96.18 and a 1 year 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.

Materion (NYSE:MTRN) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. As a group, research analysts anticipate that Materion will post 5.25 EPS for the current year.

Materion Dividend Announcement

The business 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 of this dividend is Thursday, November 14th. This represents a $0.54 annualized dividend and a yield of 0.51%. Materion’s payout ratio is presently 15.21%.

Wall Street Analysts Forecast Growth

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

About Materion

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.