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.
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%.
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.
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