Milacron (NYSE:MCRN) issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08, Morningstar.com reports. Milacron had a negative return on equity of 4.39% and a negative net margin of 1.72%. The company had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $302.91 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis.
Shares of Milacron (NYSE:MCRN) traded down $0.18 on Wednesday, hitting $21.14. The company had a trading volume of 729,281 shares, compared to its average volume of 504,124. The company has a quick ratio of 1.43, a current ratio of 2.30 and a debt-to-equity ratio of -5.90. The stock has a market capitalization of $1,480.00 and a P/E ratio of -176.17. Milacron has a one year low of $15.09 and a one year high of $22.62.
Several brokerages have issued reports on MCRN. Zacks Investment Research upgraded Milacron from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Tuesday, February 27th. TheStreet lowered Milacron from a “b” rating to a “c” rating in a report on Friday, January 26th. KeyCorp restated a “buy” rating and issued a $24.00 target price on shares of Milacron in a report on Friday, February 23rd. Finally, ValuEngine upgraded Milacron from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.00.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its position in shares of Milacron by 58.1% in the fourth quarter. SG Americas Securities LLC now owns 9,516 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 3,497 shares in the last quarter. US Bancorp DE grew its position in shares of Milacron by 95.8% in the fourth quarter. US Bancorp DE now owns 12,948 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 6,335 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Milacron by 5.5% in the third quarter. Ameriprise Financial Inc. now owns 128,407 shares of the industrial products company’s stock valued at $2,165,000 after purchasing an additional 6,647 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Milacron by 9.4% in the third quarter. California State Teachers Retirement System now owns 87,067 shares of the industrial products company’s stock valued at $1,468,000 after purchasing an additional 7,513 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Milacron in the third quarter valued at $132,000.
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.
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