Zacks: Analysts Expect MTS Systems Corporation (MTSC) Will Announce Earnings of $0.33 Per Share
Wall Street analysts forecast that MTS Systems Corporation (NASDAQ:MTSC) will post earnings per share of $0.33 for the current quarter, Zacks reports. Two analysts have made estimates for MTS Systems Corporation’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.32. MTS Systems Corporation posted earnings of $0.89 per share during the same quarter last year, which suggests a negative year over year growth rate of 62.9%. The firm is scheduled to report its next earnings report on Monday, April 9th.
According to Zacks, analysts expect that MTS Systems Corporation will report full year earnings of $2.18 per share for the current year, with EPS estimates ranging from $2.10 to $2.26. For the next fiscal year, analysts forecast that the firm will post earnings of $2.51 per share, with EPS estimates ranging from $1.97 to $2.80. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.10. The company had revenue of $194 million for the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS.
Several equities analysts recently issued reports on the stock. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, BidaskClub lowered shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. MTS Systems Corporation currently has an average rating of “Hold” and a consensus target price of $55.67.
MTS Systems Corporation (NASDAQ:MTSC) traded down 0.21% during trading on Thursday, hitting $46.50. 66,236 shares of the stock were exchanged. The stock has a 50 day moving average of $49.73 and a 200-day moving average of $51.48. The stock has a market cap of $788.41 million, a P/E ratio of 35.58 and a beta of 1.27. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $59.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s payout ratio is currently 91.60%.
In other MTS Systems Corporation news, insider William C. Becker acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average price of $46.40 per share, with a total value of $185,600.00. Following the completion of the purchase, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $185,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey A. Graves sold 23,820 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the sale, the insider now directly owns 50,514 shares in the company, valued at approximately $2,732,807.40. The disclosure for this sale can be found here. Insiders have purchased 20,000 shares of company stock worth $951,560 in the last three months. 1.50% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Good Life Advisors LLC boosted its stake in MTS Systems Corporation by 0.7% during the second quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock worth $219,000 after acquiring an additional 31 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in MTS Systems Corporation by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock worth $101,000 after acquiring an additional 50 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in MTS Systems Corporation by 1.5% during the first quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the scientific and technical instruments company’s stock worth $374,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System boosted its stake in MTS Systems Corporation by 1.2% during the first quarter. Arizona State Retirement System now owns 8,653 shares of the scientific and technical instruments company’s stock worth $476,000 after acquiring an additional 100 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in MTS Systems Corporation by 1.2% during the second quarter. Texas Permanent School Fund now owns 12,223 shares of the scientific and technical instruments company’s stock worth $633,000 after acquiring an additional 150 shares in the last quarter.
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MTS Systems Corporation Company Profile
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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