Milacron Holdings Corp. (NYSE:MCRN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
According to Zacks, “Milacron retained its fiscal 2016 guidance of 0–2% organic sales growth and adjusted EBITDA margins between 18.5% and 19.0%. Milacron’s Advanced Plastic Processing Technologies segment could experience pricing pressure in 2016. The Melt Delivery and Control Systems segment will remain fairly stable sequentially, though the timing of results may be difficult to predict as the business is fairly short cycled and customer deferrals may increase if uncertainty mounts regarding the business cycle. Further, given that more than 50% of its sales are attributable to operations outside the United States, it remains subject to currency translation risk.”
Separately, Credit Suisse Group AG reissued a “hold” rating on shares of Milacron Holdings Corp. in a research report on Saturday, July 9th.
Milacron Holdings Corp. (NYSE:MCRN) opened at 15.91 on Tuesday. The stock has a 50 day moving average of $16.26 and a 200-day moving average of $16.09. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 40.79 and a beta of 0.52. Milacron Holdings Corp. has a 52-week low of $11.56 and a 52-week high of $19.07.
Milacron Holdings Corp. (NYSE:MCRN) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $308.10 million for the quarter, compared to analysts’ expectations of $303.17 million. Milacron Holdings Corp. had a net margin of 2.28% and a negative return on equity of 54.02%. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Milacron Holdings Corp. will post $1.49 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. TimesSquare Capital Management LLC acquired a new position in shares of Milacron Holdings Corp. during the first quarter worth $21,153,000. Lord Abbett & CO. LLC acquired a new stake in Milacron Holdings Corp. during the second quarter valued at approximately $15,243,000. Emerald Acquisition Ltd. acquired a new stake in Milacron Holdings Corp. during the second quarter valued at approximately $12,221,000. Levin Capital Strategies L.P. raised its stake in Milacron Holdings Corp. by 28.8% in the second quarter. Levin Capital Strategies L.P. now owns 3,134,480 shares of the company’s stock valued at $45,482,000 after buying an additional 700,099 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in Milacron Holdings Corp. by 26.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,009,023 shares of the company’s stock valued at $14,641,000 after buying an additional 212,781 shares during the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.
Milacron Holdings Corp. Company Profile
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. 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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