Mativ (NYSE:MATV) Announces Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Mativ (NYSE:MATV) announced 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%. The firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million.

Mativ Stock Down 10.4 %

MATV stock traded down $0.95 during trading on Thursday, hitting $8.14. 91,455 shares of the stock traded hands, compared to its average volume of 424,137. Mativ has a 1 year low of $8.27 and a 1 year high of $19.96. The firm’s 50 day moving average is $10.12 and its two-hundred day moving average is $13.96. The stock has a market cap of $442.38 million, a price-to-earnings ratio of 4.19, a price-to-earnings-growth ratio of 1.31 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.

Analyst Ratings Changes

Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a research report on Thursday, November 21st. They set a “hold” rating and a $15.50 price objective on the stock.

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.