Milacron Holdings Corp. (NYSE:MCRN) issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02, Bloomberg Earnings reports. Milacron Holdings Corp. had a negative net margin of 0.09% and a negative return on equity of 56.93%. The firm had revenue of $314.70 million for the quarter, compared to analyst estimates of $301.13 million. During the same quarter in the previous year, the business posted $0.36 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year.
Shares of Milacron Holdings Corp. (MCRN) traded down $0.10 during trading hours on Friday, hitting $16.86. 305,200 shares of the company were exchanged, compared to its average volume of 640,282. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41. Milacron Holdings Corp. has a twelve month low of $14.89 and a twelve month high of $19.57. The company has a market cap of $1,170.35, a P/E ratio of 9.98, a PEG ratio of 1.23 and a beta of 0.97.
Several research firms have recently weighed in on MCRN. BidaskClub raised shares of Milacron Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research downgraded shares of Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. KeyCorp reissued a “buy” rating and issued a $21.00 target price on shares of Milacron Holdings Corp. in a research report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $23.00 target price on shares of Milacron Holdings Corp. in a research report on Wednesday, October 4th. Finally, TheStreet raised shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.67.
In related news, COO Ronald M. Krisanda sold 8,820 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $18.57, for a total transaction of $163,787.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $16.71, for a total transaction of $126,079,022.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,765,488 shares of company stock valued at $129,961,023. Insiders own 3.40% of the company’s stock.
About Milacron Holdings Corp.
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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