Analysts forecast that Milacron Holdings Corp (NYSE:MCRN) will announce earnings per share (EPS) of $0.27 for the current quarter, according to Zacks. Three analysts have issued estimates for Milacron’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.32. Milacron reported earnings of $0.40 per share during the same quarter last year, which would indicate a negative year over year growth rate of 32.5%. The business is expected to announce its next quarterly earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Milacron will report full year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.50. For the next financial year, analysts expect that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.70 to $1.94. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Milacron.
Milacron (NYSE:MCRN) last released its earnings results on Thursday, February 21st. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. Milacron had a net margin of 3.30% and a negative return on equity of 86.30%. The firm had revenue of $311.40 million during the quarter, compared to analyst estimates of $309.64 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year.
Several research firms have weighed in on MCRN. Robert W. Baird lowered their target price on shares of Milacron from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, February 21st. Zacks Investment Research upgraded shares of Milacron from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Monday, January 14th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. Milacron has a consensus rating of “Hold” and a consensus target price of $19.00.
MCRN stock traded up $0.15 during trading on Wednesday, hitting $12.15. 950,028 shares of the company’s stock traded hands, compared to its average volume of 499,490. Milacron has a 52 week low of $11.11 and a 52 week high of $22.09. The firm has a market cap of $846.00 million, a price-to-earnings ratio of 6.83, a PEG ratio of 1.38 and a beta of 1.40.
In other news, insider Ling An-Heid sold 5,855 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $14.03, for a total transaction of $82,145.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Hugh C. Odonnell sold 3,021 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $14.03, for a total transaction of $42,384.63. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in shares of Milacron by 54.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,312 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 811 shares during the last quarter. Legal & General Group Plc grew its position in shares of Milacron by 13.7% during the fourth quarter. Legal & General Group Plc now owns 12,721 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 1,535 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Milacron by 0.9% during the third quarter. Teachers Advisors LLC now owns 222,858 shares of the industrial products company’s stock worth $4,513,000 after acquiring an additional 1,893 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Milacron by 77.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 8,713 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 3,813 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Milacron by 998.8% during the fourth quarter. Advisory Services Network LLC now owns 4,395 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 3,995 shares during the last quarter.
Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).
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