Brokerages expect Versum Materials Inc. (NYSE:VSM) to announce sales of $279.05 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Versum Materials’ earnings, with the lowest sales estimate coming in at $272.60 million and the highest estimate coming in at $285.50 million. The company is expected to issue its next quarterly earnings results on Wednesday, December 20th.

According to Zacks, analysts expect that Versum Materials will report full-year sales of $279.05 million for the current financial year, with estimates ranging from $1.11 billion to $1.12 billion. For the next financial year, analysts anticipate that the company will post sales of $1.18 billion per share, with estimates ranging from $1.16 billion to $1.21 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Versum Materials.

Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The business had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $265.64 million. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Versum Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Needham & Company LLC assumed coverage on shares of Versum Materials in a research note on Monday, July 10th. They issued a “buy” rating and a $38.00 target price for the company. Credit Suisse Group set a $35.00 target price on shares of Versum Materials and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Stifel Nicolaus assumed coverage on shares of Versum Materials in a research note on Wednesday, September 20th. They issued a “hold” rating and a $42.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Versum Materials has a consensus rating of “Buy” and an average price target of $35.27.

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In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $36.00 per share, for a total transaction of $99,000.00. Following the completion of the purchase, the director now directly owns 8,376 shares in the company, valued at $301,536. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in VSM. BlackRock Inc. lifted its stake in Versum Materials by 3,827.3% during the first quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock worth $247,043,000 after purchasing an additional 7,867,760 shares during the period. Iridian Asset Management LLC CT lifted its stake in Versum Materials by 38.8% during the second quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock worth $143,448,000 after purchasing an additional 1,234,079 shares during the period. Shapiro Capital Management LLC lifted its stake in Versum Materials by 39.9% during the first quarter. Shapiro Capital Management LLC now owns 4,234,338 shares of the basic materials company’s stock worth $129,571,000 after purchasing an additional 1,207,568 shares during the period. Dimensional Fund Advisors LP lifted its stake in Versum Materials by 100.9% during the second quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock worth $30,308,000 after purchasing an additional 468,383 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in Versum Materials by 140.0% during the second quarter. First Eagle Investment Management LLC now owns 758,315 shares of the basic materials company’s stock worth $24,645,000 after purchasing an additional 442,313 shares during the period. Hedge funds and other institutional investors own 89.59% of the company’s stock.

Shares of Versum Materials (NYSE VSM) opened at 37.95 on Tuesday. The company has a market capitalization of $4.13 billion and a price-to-earnings ratio of 21.44. The company has a 50-day moving average price of $37.83 and a 200 day moving average price of $37.83. Versum Materials has a one year low of $21.86 and a one year high of $38.38.

Versum Materials Company Profile

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.

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

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