Brokerages Anticipate Versum Materials Inc. (VSM) Will Announce Earnings of $0.52 Per Share
Equities research analysts forecast that Versum Materials Inc. (NYSE:VSM) will post $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Versum Materials’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.57. Versum Materials posted earnings per share of $0.47 in the same quarter last year, which suggests a positive year over year growth rate of 10.6%. The company is expected to issue its next earnings results on Monday, February 12th.
According to Zacks, analysts expect that Versum Materials will report full-year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.23. For the next year, analysts expect that the firm will report earnings of $2.22 per share, with EPS estimates ranging from $2.20 to $2.23. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Versum Materials.
Versum Materials (NYSE:VSM) last released its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm had revenue of $294.50 million for the quarter, compared to the consensus estimate of $281.39 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The business’s revenue was up 18.6% on a year-over-year basis.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price (up previously from $41.00) on shares of Versum Materials in a report on Friday, November 10th. KeyCorp reiterated an “overweight” rating and issued a $4.00 target price (down previously from $41.00) on shares of Versum Materials in a report on Friday, November 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $38.00 target price on shares of Versum Materials in a report on Thursday, October 19th. Finally, ValuEngine downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Versum Materials has an average rating of “Buy” and a consensus target price of $36.90.
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In other news, Director Thomas Riordan purchased 2,550 shares of the stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of $38.90 per share, with a total value of $99,195.00. Following the completion of the acquisition, the director now owns 5,511 shares in the company, valued at approximately $214,377.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.49% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in VSM. OppenheimerFunds Inc. purchased a new stake in shares of Versum Materials in the first quarter worth about $254,000. FMR LLC raised its stake in Versum Materials by 27.7% in the first quarter. FMR LLC now owns 224,634 shares of the basic materials company’s stock valued at $6,874,000 after purchasing an additional 48,724 shares in the last quarter. Teachers Advisors LLC raised its stake in Versum Materials by 2.4% in the first quarter. Teachers Advisors LLC now owns 93,321 shares of the basic materials company’s stock valued at $2,856,000 after purchasing an additional 2,201 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Versum Materials by 139.5% in the first quarter. Dimensional Fund Advisors LP now owns 464,150 shares of the basic materials company’s stock valued at $14,203,000 after purchasing an additional 270,327 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in Versum Materials in the first quarter valued at approximately $278,000. 90.65% of the stock is currently owned by hedge funds and other institutional investors.
Versum Materials (NYSE VSM) traded down $0.38 on Tuesday, reaching $39.82. 304,600 shares of the company’s stock traded hands, compared to its average volume of 495,880. The company has a debt-to-equity ratio of 39.72, a quick ratio of 2.88 and a current ratio of 3.84. Versum Materials has a 1 year low of $24.27 and a 1 year high of $42.74. The firm has a market capitalization of $4,333.08, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Versum Materials’s dividend payout ratio is presently 11.30%.
Versum Materials Company Profile
Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.
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