Media coverage about Materion Corporation (NYSE:MTRN) has been trending somewhat positive on Saturday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Materion Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.5703514120193 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Materion Corp. breached its 50 day moving average in a Bearish Manner : MTRN-US : August 18, 2017 (finance.yahoo.com)
- Materion Corporation (MTRN) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- 13D Filing: GAMCO Investors and Materion Corp (MTRN) (feedproxy.google.com)
- MATERION CORP : ex-dividend day (4-traders.com)
- Materion Corporation Announces Appointments of Chief Technology and Marketing Officer and President, Precision Coatings (finance.yahoo.com)
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Materion Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, June 16th. BidaskClub lowered shares of Materion Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $34.00 target price on shares of Materion Corporation in a report on Friday, July 7th.
Materion Corporation (NYSE:MTRN) traded up 0.27% during midday trading on Friday, reaching $37.10. 67,838 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $37.91 and its 200 day moving average is $35.97. The firm has a market capitalization of $743.41 million, a P/E ratio of 29.94 and a beta of 1.16. Materion Corporation has a 52 week low of $27.99 and a 52 week high of $41.23.
Materion Corporation (NYSE:MTRN) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $254.28 million. Materion Corporation had a net margin of 2.47% and a return on equity of 5.96%. Materion Corporation’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. On average, analysts expect that Materion Corporation will post $1.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. Materion Corporation’s dividend payout ratio (DPR) is 32.26%.
In other news, VP Gregory R. Chemnitz sold 3,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $38.29, for a total transaction of $114,870.00. Following the transaction, the vice president now directly owns 18,052 shares of the company’s stock, valued at $691,211.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard J. Hipple sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $34.47, for a total transaction of $172,350.00. Following the transaction, the insider now directly owns 122,091 shares in the company, valued at $4,208,476.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,000 shares of company stock worth $2,609,095. 2.90% of the stock is currently owned by corporate insiders.
Materion Corporation 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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