Milacron (NYSE:MCRN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Milacron (NYSE:MCRN) released its quarterly earnings results on Tuesday. The industrial products company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02, reports. The company had revenue of $271.40 million during the quarter, compared to analysts’ expectations of $281.73 million. Milacron had a net margin of 2.91% and a negative return on equity of 74.38%. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share.

Shares of Milacron stock traded down $0.21 on Friday, hitting $16.29. The company had a trading volume of 168,653 shares, compared to its average volume of 2,399,521. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 2.66 and a beta of 1.77. Milacron has a twelve month low of $11.11 and a twelve month high of $22.09. The company has a 50-day simple moving average of $14.97.

MCRN has been the subject of several research analyst reports. ValuEngine upgraded shares of Milacron from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Robert W. Baird cut shares of Milacron from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $17.00 in a report on Wednesday. Finally, Zacks Investment Research cut shares of Milacron from a “hold” rating to a “sell” rating and set a $15.00 price target for the company. in a report on Thursday, July 4th.

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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Earnings History for Milacron (NYSE:MCRN)

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