Brokerages Expect MTS Systems Corporation (MTSC) Will Post Earnings of $0.35 Per Share
Wall Street brokerages expect MTS Systems Corporation (NASDAQ:MTSC) to announce earnings per share of $0.35 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for MTS Systems Corporation’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.32. MTS Systems Corporation posted earnings per share of $0.89 in the same quarter last year, which indicates a negative year-over-year growth rate of 60.7%. The business is scheduled to issue its next quarterly earnings report on Monday, April 9th.
According to Zacks, analysts expect that MTS Systems Corporation will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.10. For the next financial year, analysts expect that the business will post earnings of $2.52 per share, with EPS estimates ranging from $1.97 to $2.84. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover MTS Systems Corporation.
MTS Systems Corporation (NASDAQ:MTSC) last released its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.10. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The business had revenue of $194.00 million for the quarter, compared to analyst estimates of $193.03 million. During the same quarter last year, the firm earned $0.78 EPS. MTS Systems Corporation’s quarterly revenue was up 23.0% compared to the same quarter last year.
A number of equities analysts recently issued reports on the company. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. BidaskClub cut MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research cut MTS Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.00.
In related news, insider Jeffrey A. Graves acquired 1,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $48.31 per share, for a total transaction of $48,310.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider William C. Becker acquired 4,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of $46.40 per share, for a total transaction of $185,600.00. Following the completion of the purchase, the insider now owns 4,000 shares in the company, valued at approximately $185,600. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 20,000 shares of company stock worth $951,560. Company insiders own 1.80% of the company’s stock.
Large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in MTS Systems Corporation during the 2nd quarter valued at $110,000. State of Alaska Department of Revenue lifted its stake in MTS Systems Corporation by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,304 shares of the scientific and technical instruments company’s stock valued at $171,000 after acquiring an additional 1,454 shares in the last quarter. Mosaic Family Wealth LLC lifted its stake in MTS Systems Corporation by 5.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock valued at $174,000 after acquiring an additional 185 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in MTS Systems Corporation by 12.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock valued at $195,000 after acquiring an additional 384 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its stake in MTS Systems Corporation by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock valued at $215,000 after acquiring an additional 255 shares in the last quarter.
MTS Systems Corporation (NASDAQ:MTSC) traded down 1.03% on Friday, reaching $52.90. 100,880 shares of the company traded hands. MTS Systems Corporation has a one year low of $44.63 and a one year high of $59.00. The stock has a market capitalization of $896.92 million, a PE ratio of 40.47 and a beta of 1.28. The firm has a 50 day moving average of $50.96 and a 200-day moving average of $50.97.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 91.60%.
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About MTS Systems Corporation
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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