Shares of MTS Systems Co. (NASDAQ:MTSC) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $65.50.
MTSC has been the topic of several recent analyst reports. B. Riley set a $70.00 target price on MTS Systems and gave the company a “buy” rating in a research report on Monday, November 27th. FBR & Co reaffirmed a “buy” rating on shares of MTS Systems in a research report on Tuesday, October 10th. Zacks Investment Research raised MTS Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Finally, BidaskClub lowered MTS Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of MTS Systems in the second quarter worth about $110,000. Crossmark Global Holdings Inc. purchased a new stake in shares of MTS Systems in the third quarter worth about $201,000. Wedbush Securities Inc. purchased a new stake in shares of MTS Systems in the third quarter worth about $214,000. Virtu KCG Holdings LLC purchased a new stake in shares of MTS Systems in the second quarter worth about $220,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of MTS Systems in the third quarter worth about $267,000. 97.80% of the stock is currently owned by institutional investors and hedge funds.
MTS Systems (NASDAQ:MTSC) last announced its earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. MTS Systems had a return on equity of 10.32% and a net margin of 3.18%. The company had revenue of $201.50 million for the quarter, compared to analyst estimates of $195.24 million. During the same period in the prior year, the company posted $0.55 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. research analysts anticipate that MTS Systems will post 2.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, December 15th. MTS Systems’s dividend payout ratio is presently 91.60%.
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MTS Systems Company Profile
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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