Materion (MTRN, Financial) has seen its stock price move recently due to a revised profitability outlook for 2024. The company lowered its guidance, causing investor sentiment to shift significantly. Presently, the stock is valued at $105.35, reflecting a 4.9% change in its valuation. The downward revision in Materion's (MTRN, Financial) adjusted EPS guidance, now projected between $5.20 to $5.40, is a central factor in the stock's recent dip. This adjustment comes amidst a slower-than-anticipated order int ...

Lower-than-expected profitability in 2024 isn't the only reason investors are avoiding the stock this week. With orders coming in lower than expected, management for advanced materials company Materion (MTRN 4.55%) sees a less profitable 2024 than it had initially expected. As a result, the company downwardly revised its 2024 guidance, motivating investors to trim -- or exit completely -- their positions. Adding to investors' concerns, an analyst provided a more bearish outlook on Materion stock during the ...

Materion (MTRN) shares ended the last trading session 3.5% higher at $100.43. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.6% loss over the past four weeks. An analyst at Seaport Global Securities maintained a Buy rating on the MTRN stock despite lowering its target price from $150.00 to $135.00. Materion has recently revised its earnings per share forecast for 2024 to a range of $5.20-5.40 due to lowerthan-ex ...

| --- | --- | --- | --- | |-------------------------------|-------|-------|-------| | | | | | | Materion Corporation | | | | | | | | | | 2Q 2024 Earnings Presentation | | | | | August 5, 2024 | | | | | | | | | | | | | | | | | | | © 2024 Materion Corporation Agenda Introduction Kyle Kelleher – Director, Investor Relations and Corporate FP&A Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick – Vice President and Chief Financial Officer ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This supplier of engineered materials to technology companies is expected to post quarterly earnings of $1.41 per share in its upcoming report, which represents a year-over-year change of +2.2%. The consensus EPS estimate for the quarter has been revised 1.25% lowe ...

Okay, very good. And last one from me, and I'll apologize in advance if I misquote Jugal on this, but the topic would be your expansions on the electronic material side at Newton and Milwaukee. But one or two quarters ago, I believe Jugal, you talked about, I asked you about the timing of completion, has it changed or whatnot? And again, I'm paraphrasing, but I believe you said, well, the slowdown in electronic materials demand that was happening then you thought it would jibe very nicely with your planned ...

© 2024 Materion Corporation Introduction Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Q&A Question and Answer Session © 2024 Materion Corporation 3 Information The Company does not undertake and specifically declines any obligation to update or publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipa ...

Materion (MTRN) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.04%. A quarter ago, it was expected that this supplier of engineered materials to technology companies would post earnings of $1.38 per share when it actually produced earnings of $1.41, delivering a surprise of 2.17%. ...

Materion Corporation Reports First Quarter 2024 Financial Results MAYFIELD HEIGHTS, Ohio - May 1, 2024 - Materion Corporation (NYSE: MTRN) today reported first quarter 2024 financial results and provided an update to 2024 earnings guidance. "Temporary operational challenges and softer market demand led to results falling short of our expectations for the first time in several quarters," Materion President & CEO Jugal Vijayvargiya said. "I am proud of our team for mobilizing quickly to mitigate the impact to ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Materion (MTRN) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lo ...