Brokerages Expect MTS Systems Corporation (MTSC) Will Announce Earnings of $0.35 Per Share
Brokerages expect that MTS Systems Corporation (NASDAQ:MTSC) will post earnings per share (EPS) of $0.35 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for MTS Systems Corporation’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.39. MTS Systems Corporation reported earnings per share of $0.89 in the same quarter last year, which indicates a negative year-over-year growth rate of 60.7%. The company is expected to issue its next earnings report on Monday, April 9th.
On average, analysts expect that MTS Systems Corporation will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.10. For the next fiscal year, analysts forecast that the firm will report earnings of $2.45 per share, with EPS estimates ranging from $1.97 to $2.84. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover MTS Systems Corporation.
MTS Systems Corporation (NASDAQ:MTSC) last issued its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The business had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. MTS Systems Corporation’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share.
MTSC has been the subject of several recent analyst reports. FBR & Co reaffirmed an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Zacks Investment Research cut MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, BidaskClub cut MTS Systems Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $61.00.
In other news, insider Jeffrey A. Graves acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $48.31 per share, for a total transaction of $48,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Hore acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $48.20 per share, with a total value of $482,000.00. Following the completion of the acquisition, the insider now owns 15,000 shares of the company’s stock, valued at approximately $723,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 20,000 shares of company stock valued at $951,560. 1.80% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Wedbush Securities Inc. purchased a new stake in shares of MTS Systems Corporation during the third quarter worth $214,000. Crossmark Global Holdings Inc. purchased a new stake in shares of MTS Systems Corporation during the third quarter worth $201,000. First Trust Advisors LP purchased a new stake in shares of MTS Systems Corporation during the third quarter worth $737,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of MTS Systems Corporation during the second quarter worth $473,000. Finally, State Street Corp raised its holdings in shares of MTS Systems Corporation by 3.7% during the second quarter. State Street Corp now owns 409,067 shares of the scientific and technical instruments company’s stock worth $21,185,000 after acquiring an additional 14,686 shares in the last quarter.
Shares of MTS Systems Corporation (MTSC) traded down $0.05 during trading on Friday, hitting $51.90. The stock had a trading volume of 35,338 shares, compared to its average volume of 62,413. The firm has a market capitalization of $882.54, a price-to-earnings ratio of 19.49 and a beta of 1.25.
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About MTS Systems Corporation
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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