Metaldyne Performance Group Inc (MPG) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.49 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.58. The company posted revenue of $728.40 million in the period, compared to analysts expectations of $756.66 million. The company’s revenue was down -9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on Metaldyne Performance Group Inc. Metaldyne Performance Group Inc was Downgraded by BofA/Merrill to ” Neutral” on Jun 21, 2016.
Metaldyne Performance Group Inc closed down -0.41 points or -2.65% at $15.08 with 78,471 shares getting traded on Tusday. Post opening the session at $15.46, the shares hit an intraday low of $14.99 and an intraday high of $15.46 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Nov 3, 2015, Thomas A Amato (Co-President) sold 28,323 shares at $22.50 per share price.
Metaldyne Performance Group Inc. is a provider of components for use in engine transmission and driveline (Powertrain) and chassis suspension steering and brake component (Safety-Critical) platforms for the global light commercial and industrial vehicle markets. The Company operates in three operating segments: HHI which consists of the business of ASP HHI Holdings Inc.; Metaldyne which consists of the business of ASP MD Holdings Inc. and Grede which consists of the business of ASP Grede Intermediate Holdings LLC. The Company’s HHI segment manufactures metal-based products for the North American light vehicle market. The Company’s Metaldyne segment manufactures metal-based Powertrain products for the global light vehicle markets. The Company’s Grede segment manufactures cast machined and assembled components for the light commercial and industrial (agriculture construction mining rail wind energy and oil field) vehicle and equipment end-markets.