According to Zacks, “Milacron retained its fiscal 2016 guidance of 0–2% organic sales growth and adjusted EBITDA margins between 18.5% and 19.0%. Milacron’s Advanced Plastic Processing Technologies segment could experience pricing pressure in 2016. The Melt Delivery and Control Systems segment will remain fairly stable sequentially, though the timing of results may be difficult to predict as the business is fairly short cycled and customer deferrals may increase if uncertainty mounts regarding the business cycle. Further, given that more than 50% of its sales are attributable to operations outside the United States, it remains subject to currency translation risk.”
Separately, Credit Suisse Group AG restated a hold rating on shares of Milacron Holdings Corp. in a report on Saturday, July 9th.
Milacron Holdings Corp. (NYSE:MCRN) opened at 15.80 on Tuesday. Milacron Holdings Corp. has a 1-year low of $11.56 and a 1-year high of $19.07. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 40.51 and a beta of 0.52. The firm has a 50-day moving average of $16.20 and a 200 day moving average of $16.09.
Milacron Holdings Corp. (NYSE:MCRN) last announced its earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The firm had revenue of $308.10 million for the quarter, compared to the consensus estimate of $303.17 million. Milacron Holdings Corp. had a net margin of 2.28% and a negative return on equity of 54.02%. Milacron Holdings Corp.’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts expect that Milacron Holdings Corp. will post $1.49 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Milacron Holdings Corp. during the second quarter worth $155,000. Prudential Financial Inc. purchased a new position in shares of Milacron Holdings Corp. during the second quarter worth $160,000. KCG Holdings Inc. purchased a new position in shares of Milacron Holdings Corp. during the second quarter worth $181,000. UBS Asset Management Americas Inc. purchased a new position in shares of Milacron Holdings Corp. during the first quarter worth $196,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Milacron Holdings Corp. during the second quarter worth $197,000. Institutional investors and hedge funds own 99.19% 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 (Fluids).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Milacron Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Milacron Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.