Mativ (NYSE:MATV) Posts Earnings Results, Beats Expectations By $0.06 EPS

Mativ (NYSE:MATV) posted its quarterly earnings data on Wednesday. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06, FiscalAI reports. The business had revenue of $499.50 million for the quarter, compared to analyst estimates of $510.00 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%.

Mativ Trading Up 8.4%

Shares of Mativ stock traded up $0.94 during trading hours on Wednesday, reaching $12.11. The stock had a trading volume of 598,008 shares, compared to its average volume of 428,073. The firm has a 50 day simple moving average of $11.90 and a two-hundred day simple moving average of $10.29. The firm has a market capitalization of $667.23 million, a price-to-earnings ratio of 7.66 and a beta of 0.93. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09. Mativ has a 1 year low of $7.07 and a 1 year high of $15.48.

Analysts Set New Price Targets

Several research firms recently weighed in on MATV. Wall Street Zen upgraded Mativ from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Mativ from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Mativ Company Profile

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.