Mativ (NYSE:MATV) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Mativ (NYSE:MATV) posted its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17), Zacks reports. Mativ had a net margin of 5.44% and a return on equity of 4.88%.

Mativ Stock Performance

MATV traded up $0.06 during trading on Wednesday, hitting $9.11. The company’s stock had a trading volume of 619,777 shares, compared to its average volume of 434,657. The business’s 50 day simple moving average is $10.24 and its 200-day simple moving average is $14.04. The firm has a market cap of $495.04 million, a PE ratio of 4.65, a P/E/G ratio of 1.32 and a beta of 0.66. Mativ has a one year low of $8.61 and a one year high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus initiated coverage on Mativ in a research note on Thursday, November 21st. They set a “hold” rating and a $15.50 price target for the company.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.