Materion (NYSE:MTRN) Issues FY24 Earnings Guidance

Materion (NYSE:MTRN) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.20-5.40 for the period, compared to the consensus EPS estimate of $5.27. Materion also updated its FY 2024 guidance to 5.200-5.400 EPS.

Wall Street Analysts Forecast Growth

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

Materion Trading Up 3.4 %

NYSE MTRN opened at $105.06 on Friday. The company’s fifty day simple moving average is $107.16 and its 200-day simple moving average is $110.79. The stock has a market cap of $2.18 billion, a P/E ratio of 29.61 and a beta of 1.17. Materion has a 52 week low of $96.18 and a 52 week high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. Equities research analysts predict that Materion will post 5.25 EPS for the current fiscal year.

Materion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.135 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 0.51%. Materion’s dividend payout ratio (DPR) is presently 15.21%.

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.