MTS Systems Corp. (MTSC) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS
MTS Systems Corp. (NASDAQ:MTSC) announced its earnings results on Friday. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06, Analyst Ratings News reports. The company had revenue of $138.40 million for the quarter, compared to the consensus estimate of $142.67 million.
Shares of MTS Systems Corp. (NASDAQ:MTSC) opened at 68.34 on Friday. MTS Systems Corp. has a 52-week low of $52.80 and a 52-week high of $73.73. The stock has a 50-day moving average of $70.07 and a 200-day moving average of $65.11. The company has a market cap of $1.049 billion and a price-to-earnings ratio of 18.58.
A number of analysts have recently weighed in on MTSC shares. Analysts at Zacks upgraded shares of MTS Systems Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, January 20th. They now have a $74.00 price target on the stock. On a related note, analysts at Morgan Stanley downgraded shares of MTS Systems Corp. to an “equal weight” rating in a research note to investors on Friday, January 17th. Finally, analysts at Credit Suisse downgraded shares of MTS Systems Corp. from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday, January 9th. They now have a $20.00 price target on the stock, down previously from $25.00. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.00.
MTS Systems Corporation (NASDAQ:MTSC) is a global supplier of test systems and position sensors.
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