Materion Corp reports results for the quarter ended March 31 - Earnings Summary

• Materion Corp MTRN.N reported quarterly adjusted earnings of $1.13​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 96 cents. The mean expectation of five analysts for the quarter was for earnings of $1.06 per share. Wall Street expected results to range from 83 cents to $1.18 per share.

• Revenue rose 9.1% to $420.33 million from a year ago; analysts expected $398.76 million.

• Materion Corp's reported EPS for the quarter was 85 cents​.

• The company reported quarterly net income of $17.7 million.

• Materion Corp shares had risen by 1.7% this quarter and lost 16.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the diversified mining peer group is also "buy"

• Wall Street's median 12-month price target for Materion Corp is $120.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)