Materion Corporation (NYSE:MTRN) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MTRN to report 3Q20 income of $ 0.51 per share.
For the full year, analysts anticipate top line of $ 1115.20 million, while looking forward to income of $ 2.05 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 recorded income for the second quarter of $ 0.49 per share, from the revenue of $ 271.47 million. The quarterly earnings dropped 44.32 percent while revenues declined 8.85 percent compared with the same quarter last year.
Street analysts expected Materion Corporation to report income of $ 0.45 per share on revenue of $ 282.55 million for the second quarter. The bottom line results beat street analysts by $ 0.04 or 8.89 percent, at the same time, top line results fell short of analysts by $ 11.08 million or 3.92 percent.
Stock Performance
Shares of Materion Corporation traded low $ -0.32 or -0.58 percent on Wednesday, reaching $ 55.05 with volume of 18.00 thousand shares. The stock opened positive for the day at $ 55.56, after closing the previous day trading at $ 55.37.
According to the previous trading day, closing price of $ 55.37, representing a 111.74 % increase from the 52 week low of $ 26.15 and a 13.25 % decrease over the 52 week high of $ 63.83.
The company has a market capital of $ 1.12 billion and is part of the Basic Materials sector and Industrial Metals & Minerals industry.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.115 per share to holders of record as of the close of business on August 18, 2020, with payment date of September 4, 2020 and ex-dividend date on August 17, 2020.
Conference Call
Materion Corporation will be hosting a conference call at 9:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 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.
