Mativ (NYSE:MATV) Posts Earnings Results, Beats Expectations By $0.06 EPS

by · The Cerbat Gem

Mativ (NYSE:MATV – Get Free Report) posted its earnings results on Wednesday. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06, FiscalAI reports. Mativ had a net margin of 4.50% and a return on equity of 13.53%. The company had revenue of $499.50 million for the quarter, compared to analyst estimates of $510.00 million.

Mativ Stock Up 8.4%

Shares of MATV stock traded up $0.94 on Wednesday, hitting $12.11. The stock had a trading volume of 598,008 shares, compared to its average volume of 428,073. The business has a 50 day moving average of $11.90 and a 200 day moving average of $10.29. The stock has a market cap of $667.23 million, a price-to-earnings ratio of 10.15 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95. Mativ has a 12-month low of $7.07 and a 12-month high of $15.48.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings raised Mativ from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Wall Street Zen upgraded Mativ from a “buy” rating to a “strong-buy” rating in a report on Monday, August 10th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Read Our Latest Stock Report on MATV

About Mativ

(Get Free Report)

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.

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