MTS Systems Co. (NASDAQ:MTSC) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Investors of record on Monday, September 16th will be paid a dividend of 0.30 per share by the scientific and technical instruments company on Monday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, September 13th.

MTS Systems has raised its dividend payment by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 8 years. MTS Systems has a dividend payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect MTS Systems to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.7%.

Shares of NASDAQ MTSC opened at $56.61 on Thursday. The company has a fifty day moving average price of $57.90 and a 200 day moving average price of $56.02. MTS Systems has a 1-year low of $38.42 and a 1-year high of $63.31. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.88. The firm has a market cap of $994.15 million, a PE ratio of 17.26, a PEG ratio of 2.31 and a beta of 1.31.

MTS Systems (NASDAQ:MTSC) last issued its earnings results on Monday, August 5th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. MTS Systems had a net margin of 5.66% and a return on equity of 10.77%. The business had revenue of $232.20 million during the quarter, compared to the consensus estimate of $211.96 million. During the same period last year, the business posted $0.49 EPS. MTS Systems’s revenue was up 19.3% on a year-over-year basis. Equities research analysts forecast that MTS Systems will post 2.4 EPS for the current year.

Several research firms have weighed in on MTSC. BidaskClub cut shares of MTS Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Wells Fargo & Co set a $57.00 price target on shares of MTS Systems and gave the company a “market perform” rating in a report on Monday, May 20th. Finally, ValuEngine cut shares of MTS Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $58.00.

MTS Systems Company Profile

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.

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Dividend History for MTS Systems (NASDAQ:MTSC)

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