For its second fiscal quarter (ending June 30), Materion Corp (NYSE: MTRN) has reported a -21% decline in E.P.S. from $1.17 a year ago to $0.92 in the current quarter. This performance was $-0.46 short of the consensus estimate of $1.38. E.P.S. were $3.80 for the latest four quarters through June 30 versus $4.78 for the same period a year ago — a decline of -21%.
Recent Price Action
On 8/5/24, Materion Corp (NYSE: MTRN) stock declined by -3.8%, closing at $103.41. Moreover, trading volume in this decline was above average at 124% of normal. Relative to the market the stock has been weak over the last nine months and has declined -14.2% 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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Materion has a neutral Appreciation Score of 47 and a neutral Power Rating of 44, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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