Materion Corporation (NYSE:MTRN) is set to announce second quarter earning results on Thursday 23rd July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MTRN to report 2Q20 income of $ 0.45 per share.
For the full year, analysts anticipate top line of $ 1128.15 million, while looking forward to income of $ 2.00 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.15 ~ $ 3.30 per share
Click Here For More Historical Outlooks Of Materion Corporation
Previous Quarter Performance
Materion Corporation announced income for the first quarter of $ 0.43 per share, from the revenue of $ 277.95 million. The quarterly earnings down 47.56 percent while revenues fell 5.55 percent compared with the same quarter last year.
Street analysts expected Materion Corporation to report income of $ 0.44 per share on revenue of $ 263.50 million for the first quarter. The bottom line results missed street analysts by $ 0.01 or 2.27 percent, at the same time, top line results outshined analysts by $ 14.45 million or 5.48 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MTRN was $ 61.73, representing a 136.06 % increase from the 52 week low of $ 26.15 and a 10.21 % decrease over the 52 week high of $ 68.75.
The company has a market capital of $ 1.25 billion and is part of the Basic Materials sector and Industrial Metals & Minerals industry.
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Recent Analyst recommendations
On 9th June 2020, maintained by KeyBanc at Overweight rating, with $ 70.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.115 per share on May 14, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 29, 2020 and ex-dividend date on May 28, 2020.
Conference Call
Materion Corporation will be hosting a conference call at 9:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.materion.com
Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. The Performance Alloys and Composites segment provides copper and nickel products in plate, rod, bar, tube, wire product forms, as well as other customized shapes; thick precision strip products; beryllium hydroxide; and beryllium products, such as beryllium and aluminum metal matrix composites, beryllia ceramics, and bulk metallic glass materials.
