FY2018 EPS Estimates for Milacron Holdings Corp Increased by Analyst (MCRN)

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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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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