Analysts expect MTS Systems Corporation (NASDAQ:MTSC) to report sales of $193.40 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for MTS Systems’ earnings. The highest sales estimate is $199.20 million and the lowest is $188.59 million. MTS Systems posted sales of $199.28 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3%. The business is expected to issue its next quarterly earnings report on Monday, April 9th.

According to Zacks, analysts expect that MTS Systems will report full-year sales of $193.40 million for the current fiscal year, with estimates ranging from $802.52 million to $813.60 million. For the next year, analysts anticipate that the firm will post sales of $841.32 million per share, with estimates ranging from $829.34 million to $850.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for MTS Systems.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. The firm had revenue of $201.50 million for the quarter, compared to analyst estimates of $195.24 million. MTS Systems had a net margin of 3.18% and a return on equity of 10.32%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share.

MTSC has been the subject of several recent research reports. B. Riley set a $70.00 price target on MTS Systems and gave the stock a “buy” rating in a report on Monday, November 27th. FBR & Co reissued a “buy” rating on shares of MTS Systems in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised MTS Systems from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. MTS Systems presently has a consensus rating of “Hold” and a consensus price target of $65.50.

Hedge funds have recently made changes to their positions in the business. Loews Corp lifted its holdings in shares of MTS Systems by 48.1% during the second quarter. Loews Corp now owns 200,000 shares of the scientific and technical instruments company’s stock valued at $10,360,000 after purchasing an additional 65,000 shares during the last quarter. Crawford Investment Counsel Inc. increased its position in MTS Systems by 8.8% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 54,580 shares of the scientific and technical instruments company’s stock worth $2,827,000 after purchasing an additional 4,400 shares during the last quarter. Kennedy Capital Management Inc. increased its position in MTS Systems by 192.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 131,439 shares of the scientific and technical instruments company’s stock worth $6,809,000 after purchasing an additional 86,450 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of MTS Systems by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,606 shares of the scientific and technical instruments company’s stock worth $5,937,000 after acquiring an additional 4,862 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of MTS Systems by 3.5% during the 2nd quarter. Northern Trust Corp now owns 270,288 shares of the scientific and technical instruments company’s stock worth $14,000,000 after acquiring an additional 9,201 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

Shares of MTS Systems (MTSC) opened at $55.45 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.98. MTS Systems has a fifty-two week low of $44.65 and a fifty-two week high of $59.00. The firm has a market capitalization of $984.86, a price-to-earnings ratio of 24.95, a P/E/G ratio of 2.43 and a beta of 1.26.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be issued a $0.30 dividend. The ex-dividend date is Friday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. MTS Systems’s dividend payout ratio (DPR) is 91.60%.

TRADEMARK VIOLATION NOTICE: This article was first reported by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/12/mts-systems-corporation-mtsc-expected-to-post-quarterly-sales-of-193-40-million.html.

About MTS Systems

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.

Get a free copy of the Zacks research report on MTS Systems (MTSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for MTS Systems (NASDAQ:MTSC)

Receive News & Ratings for MTS Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.