Mativ (NYSE:MATV) Issues Quarterly Earnings Results

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 return on equity of 4.88% and a net margin of 5.44%. The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $472.70 million.

Mativ Stock Down 10.4 %

Shares of NYSE:MATV traded down $0.95 during midday trading on Thursday, reaching $8.14. The company’s stock had a trading volume of 91,455 shares, compared to its average volume of 424,137. The firm has a 50 day moving average of $10.12 and a 200-day moving average of $13.96. The firm has a market capitalization of $442.38 million, a P/E ratio of 4.19, a PEG ratio of 1.31 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. Mativ has a 12-month low of $8.27 and a 12-month high of $19.96.

Analyst Upgrades and Downgrades

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

About Mativ

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.