Versum Materials Inc Forecasted to Post Q2 2018 Earnings of $0.52 Per Share (VSM)

Versum Materials Inc (NYSE:VSM) – Seaport Global Securities lifted their Q2 2018 earnings per share (EPS) estimates for shares of Versum Materials in a report released on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings of $0.52 per share for the quarter, up from their prior forecast of $0.50. Seaport Global Securities also issued estimates for Versum Materials’ Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $2.26 EPS.

Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The firm had revenue of $330.80 million during the quarter, compared to analyst estimates of $295.68 million. During the same quarter last year, the business earned $0.49 EPS. The company’s revenue was up 22.2% compared to the same quarter last year.

Other research analysts have also issued research reports about the stock. Credit Suisse Group lowered their price target on shares of Versum Materials from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. TheStreet upgraded shares of Versum Materials from a “d+” rating to a “c-” rating in a research note on Tuesday, February 6th. Stifel Nicolaus upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $46.00 in a research note on Tuesday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective (up previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $38.00 price objective on shares of Versum Materials in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Versum Materials currently has an average rating of “Hold” and a consensus price target of $37.25.

Versum Materials (VSM) opened at $35.04 on Monday. The company has a current ratio of 4.13, a quick ratio of 2.88 and a debt-to-equity ratio of 16.37. Versum Materials has a fifty-two week low of $28.32 and a fifty-two week high of $42.74. The stock has a market cap of $3,810.00 and a P/E ratio of 23.84.

A number of hedge funds and other institutional investors have recently bought and sold shares of VSM. California Public Employees Retirement System grew its position in Versum Materials by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 193,950 shares of the basic materials company’s stock valued at $6,303,000 after purchasing an additional 4,200 shares during the period. Parametric Portfolio Associates LLC grew its position in Versum Materials by 0.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 212,258 shares of the basic materials company’s stock valued at $6,898,000 after purchasing an additional 1,073 shares during the period. Dimensional Fund Advisors LP grew its position in Versum Materials by 100.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock valued at $30,308,000 after purchasing an additional 468,383 shares during the period. Balyasny Asset Management LLC acquired a new stake in Versum Materials in the 2nd quarter valued at $221,000. Finally, Shelton Capital Management acquired a new stake in Versum Materials in the 2nd quarter valued at $278,000. 90.72% of the stock is owned by institutional investors and hedge funds.

In related news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $34.64 per share, for a total transaction of $86,600.00. Following the purchase, the director now directly owns 14,335 shares of the company’s stock, valued at approximately $496,564.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Riordan acquired 2,550 shares of the stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $38.90 per share, with a total value of $99,195.00. Following the purchase, the director now directly owns 5,511 shares in the company, valued at $214,377.90. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. Versum Materials’s dividend payout ratio is currently 13.61%.

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Versum Materials Company Profile

Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.

Earnings History and Estimates for Versum Materials (NYSE:VSM)

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