Milacron Holdings Corp (NYSE:MCRN) – Research analysts at KeyCorp lifted their FY2018 EPS estimates for shares of Milacron in a report released on Thursday. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings of $1.88 per share for the year, up from their prior forecast of $1.80. KeyCorp has a “Buy” rating and a $21.00 price objective on the stock.
Milacron (NYSE:MCRN) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $314.70 million during the quarter, compared to analyst estimates of $301.13 million. Milacron had a negative return on equity of 56.93% and a negative net margin of 0.09%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS.
MCRN has been the subject of several other reports. TheStreet raised Milacron from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. BidaskClub raised Milacron from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research raised 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. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of Milacron in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Milacron presently has an average rating of “Buy” and a consensus target price of $21.67.
Milacron (MCRN) opened at $19.49 on Monday. The company has a market capitalization of $1,350.00 and a price-to-earnings ratio of -649.67. The company has a debt-to-equity ratio of -5.41, a current ratio of 2.39 and a quick ratio of 1.31. Milacron has a 1 year low of $15.09 and a 1 year high of $19.57.
A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in Milacron by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after buying an additional 1,000 shares in the last quarter. Stifel Financial Corp grew its stake in Milacron by 3.3% during the 2nd quarter. Stifel Financial Corp now owns 75,418 shares of the industrial products company’s stock valued at $1,326,000 after purchasing an additional 2,404 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Milacron by 765.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 5,089 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Milacron during the 3rd quarter valued at about $101,000. Finally, Ameriprise Financial Inc. grew its stake in Milacron by 5.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 128,407 shares of the industrial products company’s stock valued at $2,165,000 after purchasing an additional 6,647 shares during the last quarter. 99.73% of the stock is currently owned by institutional investors.
In related news, CFO Bruce A. Chalmers sold 8,600 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $18.18, for a total transaction of $156,348.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $16.00, for a total value of $175,585,488.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,093,759 shares of company stock worth $177,794,874 over the last ninety days. 3.40% of the stock is currently owned by corporate insiders.
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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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