Materion Corp reports results for the quarter ended September 30 - Earnings Summary

• Materion Corp MTRN.N reported quarterly adjusted earnings of $1.41​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.39 to $1.43 per share.

• Revenue rose 1.9% to $444.81 million from a year ago; analysts expected $442.62 million.

• Materion Corp's reported EPS for the quarter was $1.22​.

• The company reported quarterly net income of $25.41 million.

• Materion Corp shares had risen by 10.8% this quarter and gained 35.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 $130.50, about 2.6% below its last closing price of $133.89

This summary was machine generated from LSEG data October 29 at 01:30 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)