Nucor earnings beat by $0.08, revenue fell short of estimates
In a recent transaction, Bruce Brown, a director at Magnera Corp (NASDAQ:MAGN), acquired 16,940 shares of the company’s common stock. The timing is notable as the stock trades near its 52-week low of $11.43, having declined over 42% in the past six months. According to InvestingPro data, analysts have set price targets ranging from $14 to $16, suggesting potential upside. The purchase, made on May 29, 2025, was executed at a weighted average price of $11.8054 per share, with individual transaction prices ranging from $11.68 to $11.92. This acquisition, valued at approximately $199,983, increased Brown’s indirect ownership through the Bruce Brown Revocable Trust to a total of 17,228 shares. Following this transaction, Brown’s direct ownership stands at 12,032 shares. The company, with a market capitalization of $423 million, maintains strong liquidity with a current ratio of 2.4. Get deeper insights into Magnera’s financial health and 12+ additional key metrics with an InvestingPro subscription.
In other recent news, Magnera Corp reported its second quarter earnings for fiscal year 2025, which fell short of market expectations. The company posted an earnings per share (EPS) of -1.15, significantly missing the projected 0.05, and recorded revenue of $824 million, below the expected $878 million. Following the earnings announcement, the company revised its fiscal year 2025 Adjusted EBITDA guidance to a range of $360-$380 million, indicating a more conservative outlook. Despite these setbacks, Magnera has increased its available liquidity by 14% since December, reaching $570 million. The company also emphasized ongoing efforts in innovation with new product launches, which are part of its strategy to drive future growth. Analysts from firms like Wells Fargo (NYSE:WFC) and Bank of America have raised questions about the impacts of potential tariffs and energy costs in Europe, which Magnera addressed during its earnings call. Additionally, Magnera is focused on cost reduction and synergy realization following its merger with Glatfelter (NYSE:MAGN). The company’s CEO, Kurt Begley, highlighted the commitment to innovation and operational efficiency as key strategies moving forward.
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