Materion (NYSE:MTRN) Updates FY19 Earnings Guidance
Materion (NYSE:MTRN) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $3.10-3.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.03.
Several brokerages have issued reports on MTRN. ValuEngine raised XCel Brands from a sell rating to a hold rating in a research report on Tuesday, July 9th. Zacks Investment Research cut Green Plains Partners from a buy rating to a hold rating in a research report on Friday.
MTRN traded up $2.32 on Friday, reaching $63.05. 189,762 shares of the stock were exchanged, compared to its average volume of 146,356. The firm’s 50-day moving average is $64.77. Materion has a fifty-two week low of $42.50 and a fifty-two week high of $71.97. The company has a quick ratio of 1.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 20.81 and a beta of 0.94.
In other Materion news, Director Craig S. Shular sold 4,127 shares of Materion stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $63.08, for a total transaction of $260,331.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vinod M. Khilnani sold 1,855 shares of Materion stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $65.84, for a total value of $122,133.20. Following the sale, the director now directly owns 16,466 shares of the company’s stock, valued at approximately $1,084,121.44. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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