Materion (NYSE:MTRN) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $1.95-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.07.
A number of brokerages recently commented on MTRN. TheStreet lowered shares of Materion from a b rating to a c+ rating in a report on Friday, February 16th. Jefferies Group set a $48.00 price target on shares of Materion and gave the company a hold rating in a research note on Thursday, February 15th. ValuEngine upgraded shares of Materion from a buy rating to a strong-buy rating in a research note on Tuesday, April 17th. Finally, Zacks Investment Research lowered shares of Materion from a buy rating to a hold rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $54.00.
MTRN stock traded up $3.30 during midday trading on Thursday, hitting $55.35. The company’s stock had a trading volume of 216,204 shares, compared to its average volume of 127,084. The company has a current ratio of 3.23, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. Materion has a twelve month low of $33.10 and a twelve month high of $55.90. The firm has a market capitalization of $1,060.12, a P/E ratio of 30.26 and a beta of 0.99.
In other news, VP Joseph P. Kelley sold 2,419 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $51.43, for a total transaction of $124,409.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph P. Keithley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $50.60, for a total transaction of $404,800.00. Following the transaction, the director now owns 11,757 shares in the company, valued at $594,904.20. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
Materion Company Profile
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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