Mativ (NYSE:MATV) Releases Earnings Results, Misses Estimates By $0.17 EPS

Mativ (NYSE:MATV) issued its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17), Zacks reports. Mativ had a net margin of 5.44% and a return on equity of 4.88%.

Mativ Price Performance

NYSE MATV traded up $0.06 during trading on Wednesday, reaching $9.11. The company’s stock had a trading volume of 619,476 shares, compared to its average volume of 434,657. The firm has a fifty day moving average of $10.24 and a 200 day moving average of $14.04. Mativ has a one year low of $8.61 and a one year high of $19.96. The stock has a market capitalization of $495.04 million, a PE ratio of 4.65, a P/E/G ratio of 1.32 and a beta of 0.66. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.37 and a quick ratio of 1.29.

Analysts Set New Price Targets

Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price target for the company.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.