MTS Systems (MTSC) Announces Earnings Results, Beats Estimates By $0.01 EPS

MTS Systems (NASDAQ:MTSC) announced its earnings results on Monday. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01, reports. MTS Systems had a net margin of 3.18% and a return on equity of 10.32%. The business had revenue of $194.20 million for the quarter, compared to analyst estimates of $196.23 million. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year.

Shares of MTS Systems (MTSC) traded down $1.40 during trading on Monday, reaching $49.55. 100,108 shares of the company’s stock traded hands, compared to its average volume of 67,359. The company has a market cap of $908.42, a price-to-earnings ratio of 37.82, a PEG ratio of 2.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.33. MTS Systems has a 12-month low of $44.65 and a 12-month high of $58.60.

MTSC has been the topic of a number of research reports. B. Riley set a $70.00 target price on shares of MTS Systems and gave the stock a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research raised shares of MTS Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. BidaskClub lowered shares of MTS Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Finally, FBR & Co reaffirmed a “buy” rating on shares of MTS Systems in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $65.50.

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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.

Earnings History for MTS Systems (NASDAQ:MTSC)

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