Jefferies Financial Group Comments on Materion Corp’s Q2 2019 Earnings (MTRN)

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Materion Corp (NYSE:MTRN) – Equities researchers at Jefferies Financial Group raised their Q2 2019 earnings per share estimates for Materion in a report issued on Monday, May 6th. Jefferies Financial Group analyst M. Englert now anticipates that the basic materials company will post earnings of $0.78 per share for the quarter, up from their prior estimate of $0.71. Jefferies Financial Group also issued estimates for Materion’s Q3 2019 earnings at $0.77 EPS and Q4 2019 earnings at $0.73 EPS.

Materion (NYSE:MTRN) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. Materion had a net margin of 2.25% and a return on equity of 10.20%. The firm had revenue of $301.44 million during the quarter, compared to the consensus estimate of $297.70 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was down .7% compared to the same quarter last year.

Several other equities research analysts also recently commented on the stock. ValuEngine raised shares of Materion from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Zacks Investment Research downgraded shares of Materion from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st.

MTRN opened at $68.79 on Wednesday. Materion has a 1-year low of $42.50 and a 1-year high of $71.97. The company has a quick ratio of 1.61, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 28.90 and a beta of 1.01.

Several large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its holdings in Materion by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 7,841 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 142 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in Materion by 3.4% during the first quarter. Mason Street Advisors LLC now owns 6,500 shares of the basic materials company’s stock worth $371,000 after purchasing an additional 213 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in Materion by 5.5% during the first quarter. Piedmont Investment Advisors Inc. now owns 5,080 shares of the basic materials company’s stock worth $290,000 after purchasing an additional 265 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Materion by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 14,462 shares of the basic materials company’s stock worth $651,000 after purchasing an additional 318 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Materion by 3.8% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,805 shares of the basic materials company’s stock worth $576,000 after purchasing an additional 470 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

In other news, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $57.57, for a total transaction of $172,710.00. Following the completion of the sale, the vice president now directly owns 6,223 shares of the company’s stock, valued at $358,258.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Materion Company Profile

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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