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%. Revenue growth will be driven by underlying market growth in key segments, geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal clans. Milacron’s cost-reduction initiatives will aid margins. However, pricing pressure in the Advanced Plastic Processing Technologies segment and impact of unfavorable foreign currency remain concerns.”
Separately, Credit Suisse Group AG restated a hold rating on shares of Milacron Holdings Corp. in a research report on Saturday, July 9th.
Milacron Holdings Corp. (NYSE:MCRN) opened at 16.00 on Monday. The company has a 50-day moving average of $16.11 and a 200 day moving average of $16.09. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 41.03 and a beta of 0.53. Milacron Holdings Corp. has a one year low of $11.56 and a one year high of $19.07.
Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Milacron Holdings Corp. had a net margin of 2.28% and a negative return on equity of 54.02%. The business earned $308.10 million during the quarter, compared to analysts’ expectations of $303.17 million. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Milacron Holdings Corp. will post $1.49 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of Milacron Holdings Corp. during the second quarter valued at approximately $155,000. Prudential Financial Inc. purchased a new position in shares of Milacron Holdings Corp. during the second quarter valued at approximately $160,000. UBS Asset Management Americas Inc. purchased a new position in shares of Milacron Holdings Corp. during the first quarter valued at approximately $196,000. KCG Holdings Inc. purchased a new position in shares of Milacron Holdings Corp. during the second quarter valued at approximately $181,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Milacron Holdings Corp. during the second quarter valued at approximately $197,000. Institutional investors own 99.19% of the company’s stock.
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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