Materion Corp reports results for the quarter ended in June - Earnings Summary

Materion

05/08/2024 22:50

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
$1.42​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.38. 
The mean expectation of five analysts for the quarter was
for earnings of $1.39 per share. Wall Street expected results to
range from $1.30  to $1.45 per share.
    * Revenue rose 6.9% to $425.87 million from a year ago;
analysts
expected $424.02 million. 
    * Materion Corp's reported EPS for the quarter was 91
cents​.
    * The company reported quarterly net income of $19.04
million.
    * Materion Corp shares had fallen by 0.6% this quarter and
lost 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
mining
peer group is also "buy"

Wall Street's median 12-month price target for Materion Corp is
$151.00 
This summary was machine generated from LSEG data August 5 at
09:49 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.39           1.42           Beat
 Mar. 31 2024      0.96           0.96           Met
 Dec. 31 2023      1.41           1.41           Met
 Sep. 30 2023      1.42           1.51           Beat