Q3 2024 EPS Estimates for Mativ Holdings, Inc. (NYSE:MATV) Cut by Sidoti Csr

Mativ Holdings, Inc. (NYSE:MATVFree Report) – Equities research analysts at Sidoti Csr dropped their Q3 2024 earnings per share estimates for Mativ in a research report issued on Monday, May 13th. Sidoti Csr analyst D. Harriman now anticipates that the company will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.44. The consensus estimate for Mativ’s current full-year earnings is $1.50 per share. Sidoti Csr also issued estimates for Mativ’s Q4 2024 earnings at $0.36 EPS.

Mativ Stock Down 6.1 %

Shares of NYSE:MATV opened at $17.04 on Tuesday. Mativ has a 1 year low of $10.78 and a 1 year high of $19.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.54 and a quick ratio of 1.40. The business’s 50-day moving average is $18.05 and its 200-day moving average is $15.15. The company has a market capitalization of $925.61 million, a price-to-earnings ratio of -2.82, a P/E/G ratio of 2.02 and a beta of 0.75.

Mativ (NYSE:MATVGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The company had revenue of $452.30 million during the quarter, compared to analysts’ expectations of $472.10 million. Mativ had a negative net margin of 15.56% and a positive return on equity of 5.79%.

Mativ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. Mativ’s payout ratio is presently -6.62%.

Insider Buying and Selling

In other Mativ news, Director Jeffrey Keenan purchased 3,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $16.06 per share, for a total transaction of $48,180.00. Following the purchase, the director now owns 312,000 shares of the company’s stock, valued at approximately $5,010,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.01% of the stock is owned by insiders.

Institutional Trading of Mativ

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Mativ by 579.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,713,790 shares of the company’s stock worth $26,238,000 after buying an additional 1,461,640 shares during the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of Mativ during the 3rd quarter valued at approximately $11,783,000. Wellington Management Group LLP lifted its stake in Mativ by 23.9% in the third quarter. Wellington Management Group LLP now owns 3,453,139 shares of the company’s stock valued at $49,242,000 after purchasing an additional 665,352 shares during the last quarter. Rubric Capital Management LP grew its holdings in Mativ by 16.4% during the third quarter. Rubric Capital Management LP now owns 4,000,000 shares of the company’s stock valued at $57,040,000 after purchasing an additional 562,422 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Mativ by 2,139.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,633 shares of the company’s stock worth $9,893,000 after acquiring an additional 504,071 shares during the period. Institutional investors own 94.95% of the company’s stock.

Mativ Company Profile

(Get Free Report)

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.

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