MTS Systems Corporation (MTSC) Expected to Post Quarterly Sales of $193.40 Million
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.
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%.
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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.
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