Analysts Anticipate Milacron Holdings Corp (MCRN) to Post $0.27 EPS

Equities analysts predict that Milacron Holdings Corp (NYSE:MCRN) will announce earnings of $0.27 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Milacron’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.24. Milacron posted earnings of $0.40 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.5%. The firm is expected to report its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that Milacron will report full-year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.57. For the next year, analysts anticipate that the business will post earnings of $1.80 per share, with EPS estimates ranging from $1.74 to $1.94. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Milacron.

Milacron (NYSE:MCRN) last announced its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. Milacron had a negative return on equity of 86.30% and a net margin of 3.30%. The business had revenue of $311.40 million for the quarter, compared to the consensus estimate of $309.64 million. During the same quarter last year, the business posted $0.59 EPS. The business’s revenue was down 4.2% on a year-over-year basis.

MCRN has been the topic of several analyst reports. Zacks Investment Research upgraded Milacron from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, January 14th. Robert W. Baird lowered their target price on Milacron from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.00.

In related news, insider Ling An-Heid sold 5,855 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $14.03, for a total value of $82,145.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Hugh C. Odonnell sold 3,021 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $14.03, for a total value of $42,384.63. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of Milacron by 173.8% during the 4th quarter. Victory Capital Management Inc. now owns 3,040,747 shares of the industrial products company’s stock valued at $36,154,000 after purchasing an additional 1,930,308 shares during the period. Janus Henderson Group PLC increased its position in shares of Milacron by 10.5% during the 3rd quarter. Janus Henderson Group PLC now owns 4,968,918 shares of the industrial products company’s stock valued at $100,621,000 after purchasing an additional 471,245 shares during the period. Millennium Management LLC increased its position in shares of Milacron by 1,401.7% during the 4th quarter. Millennium Management LLC now owns 398,614 shares of the industrial products company’s stock valued at $4,740,000 after purchasing an additional 372,070 shares during the period. Penn Capital Management Co. Inc. increased its position in shares of Milacron by 75.7% during the 4th quarter. Penn Capital Management Co. Inc. now owns 808,567 shares of the industrial products company’s stock valued at $10,035,000 after purchasing an additional 348,296 shares during the period. Finally, Walthausen & Co. LLC acquired a new position in shares of Milacron during the 3rd quarter valued at $7,028,000.

MCRN opened at $11.32 on Wednesday. Milacron has a 12 month low of $11.11 and a 12 month high of $22.09. The company has a market capitalization of $798.00 million, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 1.30 and a beta of 1.44.

Milacron Company Profile

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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