Versum Materials Inc (NYSE:VSM) – Stock analysts at Seaport Global Securities raised their Q1 2019 earnings estimates for shares of Versum Materials in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $0.61 per share for the quarter, up from their prior forecast of $0.60. Seaport Global Securities also issued estimates for Versum Materials’ Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $2.50 EPS.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $330.80 million for the quarter, compared to analyst estimates of $295.68 million. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. Versum Materials’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share.

VSM has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $46.00 in a report on Tuesday. Credit Suisse Group lifted their price target on shares of Versum Materials from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. TheStreet upgraded shares of Versum Materials from a “d+” rating to a “c-” rating in a report on Tuesday. Finally, ValuEngine lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.22.

Shares of Versum Materials (NYSE VSM) traded up $0.86 during trading hours on Friday, hitting $35.26. 584,901 shares of the stock were exchanged, compared to its average volume of 547,984. The firm has a market capitalization of $3,882.20, a price-to-earnings ratio of 18.09, a PEG ratio of 1.49 and a beta of 0.07. The company has a current ratio of 4.13, a quick ratio of 2.88 and a debt-to-equity ratio of 16.37. Versum Materials has a 52 week low of $28.32 and a 52 week high of $42.74.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, February 12th. Versum Materials’s dividend payout ratio is presently 13.61%.

In other news, Director Thomas Riordan bought 2,550 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $38.90 per share, with a total value of $99,195.00. Following the completion of the purchase, the director now directly owns 5,511 shares of the company’s stock, valued at $214,377.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its stake in Versum Materials by 0.5% during the second quarter. Parametric Portfolio Associates LLC now owns 212,258 shares of the basic materials company’s stock worth $6,898,000 after buying an additional 1,073 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Versum Materials by 10.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock worth $598,000 after buying an additional 1,731 shares during the last quarter. California Public Employees Retirement System raised its stake in Versum Materials by 2.2% during the second quarter. California Public Employees Retirement System now owns 193,950 shares of the basic materials company’s stock worth $6,303,000 after buying an additional 4,200 shares during the last quarter. California State Teachers Retirement System raised its stake in Versum Materials by 2.2% during the second quarter. California State Teachers Retirement System now owns 199,672 shares of the basic materials company’s stock worth $6,489,000 after buying an additional 4,340 shares during the last quarter. Finally, McQueen Ball & Associates Inc. bought a new position in Versum Materials during the third quarter worth $228,000. 90.72% of the stock is owned by institutional investors and hedge funds.

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About Versum Materials

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.

Earnings History and Estimates for Versum Materials (NYSE:VSM)

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