Mativ (MATV) Set to Announce Earnings on Wednesday

Mativ (NYSE:MATV) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Mativ to post earnings of $0.25 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $452.30 million for the quarter, compared to the consensus estimate of $472.10 million. Mativ had a negative net margin of 13.47% and a positive return on equity of 6.70%. On average, analysts expect Mativ to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mativ Stock Down 1.6 %

MATV stock opened at $18.26 on Wednesday. Mativ has a one year low of $10.78 and a one year high of $19.57. The company’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $14.87. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28.

Mativ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 7th. Mativ’s dividend payout ratio (DPR) is presently -7.07%.

Insider Buying and Selling

In other news, Director Jeffrey Keenan bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $16.06 per share, with a total value of $48,180.00. Following the completion of the purchase, the director now directly owns 312,000 shares in the company, valued at $5,010,720. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.01% of the stock is owned by insiders.

Mativ Company Profile

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.