MTS Systems Co. Expected to Earn Q4 2018 Earnings of $0.85 Per Share (MTSC)

MTS Systems Co. (NASDAQ:MTSC) – Equities researchers at B. Riley upped their Q4 2018 EPS estimates for MTS Systems in a research note issued on Wednesday. B. Riley analyst L. Burke now forecasts that the scientific and technical instruments company will earn $0.85 per share for the quarter, up from their previous estimate of $0.75. B. Riley currently has a “Buy” rating and a $70.00 target price on the stock. B. Riley also issued estimates for MTS Systems’ FY2019 earnings at $3.11 EPS.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. The firm had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $196.23 million. The firm’s quarterly revenue was down 2.6% on a year-over-year basis.

Several other research firms also recently weighed in on MTSC. 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 downgraded shares of MTS Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. MTS Systems has a consensus rating of “Hold” and an average target price of $65.50.

Shares of MTS Systems (NASDAQ:MTSC) traded down $1.00 during trading on Thursday, hitting $46.80. 34,223 shares of the stock were exchanged, compared to its average volume of 69,133. The stock has a market cap of $864.11, a P/E ratio of 23.36, a P/E/G ratio of 2.13 and a beta of 1.12. MTS Systems has a 52-week low of $44.65 and a 52-week high of $57.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.71.

A number of large investors have recently added to or reduced their stakes in MTSC. Schwab Charles Investment Management Inc. grew its position in 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 purchasing an additional 4,862 shares during the last quarter. Teachers Advisors LLC grew its position in MTS Systems by 10.0% during the 2nd quarter. Teachers Advisors LLC now owns 30,446 shares of the scientific and technical instruments company’s stock worth $1,577,000 after purchasing an additional 2,778 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in MTS Systems by 12.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 48,849 shares of the scientific and technical instruments company’s stock worth $2,530,000 after purchasing an additional 5,262 shares during the last quarter. Thrivent Financial For Lutherans grew its position in MTS Systems by 7.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,160 shares of the scientific and technical instruments company’s stock worth $526,000 after purchasing an additional 720 shares during the last quarter. Finally, Northern Trust Corp grew its position in 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 purchasing an additional 9,201 shares during the last quarter. 97.85% of the stock is currently owned by institutional investors.

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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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