Materion (NYSE:MTRN) Announces Earnings Results

Materion (NYSE:MTRN) announced its quarterly earnings results on Wednesday. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41, Briefing.com reports. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Materion updated its FY 2024 guidance to 5.200-5.400 EPS and its FY24 guidance to $5.20-5.40 EPS.

Materion Price Performance

MTRN traded up $4.63 on Friday, hitting $106.26. 14,413 shares of the stock were exchanged, compared to its average volume of 98,198. The business has a 50-day moving average of $107.39 and a two-hundred day moving average of $110.85. Materion has a 12 month low of $96.18 and a 12 month high of $145.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.15 and a quick ratio of 1.21. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 29.28 and a beta of 1.17.

Materion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.51%. Materion’s payout ratio is 15.21%.

Wall Street Analysts Forecast Growth

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

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.