Materion (NYSE:MTRN – Get Free Report) announced its earnings results on Wednesday. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41, Briefing.com reports. The firm had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. Materion updated its FY 2024 guidance to 5.200-5.400 EPS and its FY24 guidance to $5.20-5.40 EPS.
Materion Stock Performance
Shares of Materion stock traded down $2.88 during trading on Thursday, hitting $102.43. 3,938 shares of the stock were exchanged, compared to its average volume of 98,222. Materion has a 1-year low of $96.08 and a 1-year high of $145.08. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 26.39 and a beta of 1.17. The company has a fifty day moving average price of $107.60 and a 200-day moving average price of $110.89. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51.
Materion Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, November 14th. Materion’s dividend payout ratio (DPR) is presently 13.53%.
Wall Street Analyst Weigh In
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About Materion
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.
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