Analysts Expect Milacron Holdings Corp (MCRN) to Post $0.39 EPS

Analysts expect that Milacron Holdings Corp (NYSE:MCRN) will announce $0.39 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Milacron’s earnings, with estimates ranging from $0.37 to $0.46. Milacron posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.9%. The business is expected to report its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Milacron will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $2.03. For the next year, analysts forecast that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.96 to $2.01. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Milacron.

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Milacron (NYSE:MCRN) last posted its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $324.90 million during the quarter, compared to analyst estimates of $302.91 million. Milacron had a net margin of 0.09% and a negative return on equity of 62.36%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share.

Several equities analysts recently commented on the stock. TheStreet raised shares of Milacron from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of Milacron from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, January 12th. ValuEngine raised shares of Milacron from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Finally, KeyCorp reaffirmed a “buy” rating and set a $24.00 price target on shares of Milacron in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.00.

In other news, Director Ira G. Boots sold 33,689 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $19.02, for a total value of $640,764.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas J. Goeke sold 7,800 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $21.09, for a total transaction of $164,502.00. The disclosure for this sale can be found here. Insiders have sold 105,232 shares of company stock valued at $2,088,200 in the last ninety days. 2.70% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Milacron by 58.1% in the fourth quarter. SG Americas Securities LLC now owns 9,516 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 3,497 shares in the last quarter. US Bancorp DE increased its position in shares of Milacron by 95.8% in the fourth quarter. US Bancorp DE now owns 12,948 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 6,335 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Milacron by 5.5% in the third quarter. Ameriprise Financial Inc. now owns 128,407 shares of the industrial products company’s stock worth $2,165,000 after acquiring an additional 6,647 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Milacron by 9.4% in the third quarter. California State Teachers Retirement System now owns 87,067 shares of the industrial products company’s stock worth $1,468,000 after acquiring an additional 7,513 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Milacron in the third quarter worth $132,000.

Milacron (NYSE MCRN) opened at $20.03 on Friday. The company has a debt-to-equity ratio of -5.90, a current ratio of 2.30 and a quick ratio of 1.43. The firm has a market cap of $1,398.75, a P/E ratio of 11.85, a PEG ratio of 1.98 and a beta of 0.56. Milacron has a 52-week low of $15.09 and a 52-week high of $22.62.

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About Milacron

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.

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