Materion (NYSE:MTRN) posted its earnings results on Thursday. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07, Bloomberg Earnings reports. Materion had a return on equity of 6.95% and a net margin of 1.00%. The firm had revenue of $303.50 million during the quarter, compared to analysts’ expectations of $300.73 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was up 26.1% on a year-over-year basis. Materion updated its FY18 guidance to $1.95-2.10 EPS.
Shares of MTRN stock traded up $3.30 on Thursday, hitting $55.35. 216,704 shares of the stock were exchanged, compared to its average volume of 127,090. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.23 and a quick ratio of 1.50. The stock has a market capitalization of $1,060.12, a P/E ratio of 30.26 and a beta of 0.99. Materion has a fifty-two week low of $33.10 and a fifty-two week high of $55.90.
In other news, VP Joseph P. Kelley sold 2,419 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $51.43, for a total transaction of $124,409.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph P. Keithley sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $50.60, for a total value of $404,800.00. Following the transaction, the director now directly owns 11,757 shares of the company’s stock, valued at $594,904.20. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.