Brokerages Expect Milacron Holdings Corp (NYSE:MCRN) to Post $0.32 EPS

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Wall Street brokerages predict that Milacron Holdings Corp (NYSE:MCRN) will announce $0.32 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Milacron’s earnings, with estimates ranging from $0.27 to $0.36. Milacron posted earnings of $0.48 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, July 30th.

According to Zacks, analysts expect that Milacron will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.26 to $1.42. For the next year, analysts expect that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.55 to $1.82. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Milacron.

Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Milacron had a negative return on equity of 74.38% and a net margin of 2.91%. The business had revenue of $248.70 million during the quarter, compared to analysts’ expectations of $279.52 million. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s revenue for the quarter was down 13.9% on a year-over-year basis.

A number of equities analysts have weighed in on the company. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th.

NYSE MCRN opened at $16.77 on Friday. The stock has a market cap of $1.19 billion, a PE ratio of 9.42, a PEG ratio of 2.65 and a beta of 1.77. Milacron has a fifty-two week low of $11.11 and a fifty-two week high of $22.09. The business has a 50 day moving average of $14.09.

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in Milacron by 22.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,275 shares of the industrial products company’s stock valued at $71,000 after buying an additional 1,147 shares in the last quarter. Legal & General Group Plc lifted its stake in Milacron by 13.7% in the 4th quarter. Legal & General Group Plc now owns 12,721 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 1,535 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Milacron by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 918,076 shares of the industrial products company’s stock worth $10,393,000 after acquiring an additional 3,235 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Milacron by 77.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,713 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 3,813 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Milacron by 998.8% in the 4th quarter. Advisory Services Network LLC now owns 4,395 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 3,995 shares in the last quarter.

About Milacron

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. 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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Earnings History and Estimates for Milacron (NYSE:MCRN)

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