Versum Materials Inc. (VSM) Expected to Announce Earnings of $0.48 Per Share
Wall Street analysts expect that Versum Materials Inc. (NYSE:VSM) will report earnings per share of $0.48 for the current quarter, Zacks reports. Three analysts have provided estimates for Versum Materials’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.52. The business is expected to issue its next earnings report on Wednesday, December 20th.
According to Zacks, analysts expect that Versum Materials will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.84 to $1.95. For the next year, analysts forecast that the business will report earnings of $2.11 per share, with EPS estimates ranging from $2.05 to $2.23. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Versum Materials.
Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The firm had revenue of $290.80 million for the quarter, compared to analyst estimates of $265.64 million. During the same period last year, the firm posted $0.45 EPS. Versum Materials’s quarterly revenue was up 19.8% on a year-over-year basis.
A number of brokerages recently commented on VSM. ValuEngine downgraded Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Loop Capital began coverage on Versum Materials in a research note on Thursday, September 28th. They set a “buy” rating and a $47.00 price objective for the company. Stifel Nicolaus began coverage on Versum Materials in a research note on Wednesday, September 20th. They set a “hold” rating and a $42.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Versum Materials in a research note on Tuesday, September 5th. Finally, Jefferies Group LLC restated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Versum Materials in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Versum Materials presently has a consensus rating of “Buy” and an average price target of $38.20.
Versum Materials (VSM) traded up 0.56% during trading on Friday, reaching $39.67. 18,966 shares of the company were exchanged. Versum Materials has a 52-week low of $22.17 and a 52-week high of $39.71. The stock has a market capitalization of $4.31 billion and a PE ratio of 22.41. The firm’s 50 day moving average is $38.28 and its 200 day moving average is $38.28.
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In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $36.00 per share, with a total value of $99,000.00. Following the completion of the purchase, the director now owns 8,376 shares in the company, valued at approximately $301,536. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Versum Materials by 3,827.3% in 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Versum Materials by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 1,239,196 shares of the basic materials company’s stock worth $40,272,000 after purchasing an additional 50,211 shares in the last quarter. FMR LLC grew its stake in shares of Versum Materials by 27.7% in the first quarter. FMR LLC now owns 224,634 shares of the basic materials company’s stock worth $6,874,000 after purchasing an additional 48,724 shares in the last quarter. Morgan Stanley grew its stake in shares of Versum Materials by 136.2% in the first quarter. Morgan Stanley now owns 727,575 shares of the basic materials company’s stock worth $22,264,000 after purchasing an additional 419,515 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Versum Materials by 6.3% in the second quarter. Rhumbline Advisers now owns 201,275 shares of the basic materials company’s stock worth $6,541,000 after purchasing an additional 11,911 shares in the last quarter. 89.60% of the stock is owned by institutional investors.
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.
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