MTS Systems Co. Announces Quarterly Dividend of $0.30 (MTSC)

MTS Systems Co. (NASDAQ:MTSC) announced a quarterly dividend on Monday, February 12th, RTT News reports. Shareholders of record on Monday, March 19th will be paid a dividend of 0.30 per share by the scientific and technical instruments company on Monday, April 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 2.56%.

Shares of MTS Systems (NASDAQ MTSC) traded up $0.75 on Monday, reaching $46.95. 75,600 shares of the company’s stock were exchanged, compared to its average volume of 72,076. The company has a quick ratio of 1.20, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $834.77, a PE ratio of 15.97, a P/E/G ratio of 1.98 and a beta of 1.12. MTS Systems has a twelve month low of $44.65 and a twelve month high of $57.50.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $194.20 million for the quarter, compared to the consensus estimate of $196.23 million. MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. research analysts forecast that MTS Systems will post 2.38 EPS for the current fiscal year.

A number of analysts have commented on MTSC shares. B. Riley set a $70.00 price target on shares of MTS Systems and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research cut shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Finally, BidaskClub cut shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $62.00.

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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.

Dividend History for MTS Systems (NASDAQ:MTSC)

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