Brokerages Expect MTS Systems Corporation (MTSC) Will Announce Quarterly Sales of $193.63 Million
Wall Street brokerages expect that MTS Systems Corporation (NASDAQ:MTSC) will post $193.63 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for MTS Systems Corporation’s earnings. The highest sales estimate is $193.85 million and the lowest is $193.40 million. MTS Systems Corporation reported sales of $214.85 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.9%. The firm is expected to report its next earnings results on Monday, April 9th.
On average, analysts expect that MTS Systems Corporation will report full-year sales of $193.63 million for the current year, with estimates ranging from $779.80 million to $780.32 million. For the next fiscal year, analysts anticipate that the company will report sales of $803.37 million per share, with estimates ranging from $780.83 million to $825.90 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for MTS Systems Corporation.
MTS Systems Corporation (NASDAQ:MTSC) last announced its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.10. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS.
Several analysts have 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 downgraded shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.67.
In other MTS Systems Corporation news, insider Jeffrey A. Graves purchased 1,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $48.31 per share, with a total value of $48,310.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Hore purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was acquired at an average cost of $47.13 per share, for a total transaction of $235,650.00. Following the completion of the purchase, the insider now owns 20,977 shares of the company’s stock, valued at approximately $988,646.01. The disclosure for this purchase can be found here. Over the last three months, insiders bought 20,000 shares of company stock worth $951,560. Insiders own 1.50% of the company’s stock.
Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of MTS Systems Corporation by 2.8% in 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 buying an additional 50 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of MTS Systems Corporation in the second quarter worth about $110,000. Mosaic Family Wealth LLC lifted its stake in shares of MTS Systems Corporation by 5.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock worth $174,000 after buying an additional 185 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock worth $195,000 after buying an additional 384 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its stake in shares of MTS Systems Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock worth $215,000 after buying an additional 255 shares in the last quarter.
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Shares of MTS Systems Corporation (MTSC) opened at 47.10 on Friday. MTS Systems Corporation has a 12 month low of $41.53 and a 12 month high of $59.00. The stock has a market capitalization of $798.58 million, a PE ratio of 36.04 and a beta of 1.27. The stock’s 50 day moving average is $49.36 and its 200 day moving average is $51.42.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is currently 91.60%.
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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