Materion Corp (NYSE: MTRN) has reported earnings for its third fiscal quarter (ending September 30) of $1.07 versus $1.29 for the same period a year ago — a decline of -17%. For the latest four quarters through September 30, E.P.S. were $3.58 versus $5.10 for the same period a year ago — a decline of -30%.
Recent Price Action
Materion Corp (NYSE: MTRN) stock closed at $105.31 on 10/30/24 after a modest decline of -1.2%. This decline was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months but has risen 1.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MTRN is expected to continue to be an important Value Builder.
Materion has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Materion has a neutral Appreciation Score of 51 and a slightly negative Power Rating of 34, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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