Wall Street analysts predict that Versum Materials Inc (NYSE:VSM) will announce $0.50 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Versum Materials’ earnings, with estimates ranging from $0.46 to $0.52. Versum Materials reported earnings of $0.47 per share in the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The business is expected to issue its next quarterly earnings report on Monday, February 12th.
On average, analysts expect that Versum Materials will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.16. For the next financial year, analysts expect that the business will report earnings of $2.28 per share, with EPS estimates ranging from $2.23 to $2.37. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Versum Materials.
Versum Materials (NYSE:VSM) last issued its earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The firm had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $281.39 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year.
Several research analysts have commented on VSM shares. Needham & Company LLC reissued a “buy” rating and issued a $41.00 price objective on shares of Versum Materials in a research report on Tuesday, September 5th. ValuEngine raised Versum Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Stifel Nicolaus started coverage on Versum Materials in a research report on Wednesday, September 20th. They issued a “hold” rating and a $42.00 price objective on the stock. Loop Capital started coverage on Versum Materials in a research report on Thursday, September 28th. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, Zacks Investment Research lowered Versum Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $36.90.
Versum Materials (NYSE:VSM) traded up $0.49 during trading hours on Friday, reaching $37.08. The company’s stock had a trading volume of 422,100 shares, compared to its average volume of 498,618. The company has a quick ratio of 2.88, a current ratio of 3.84 and a debt-to-equity ratio of 39.72. Versum Materials has a one year low of $26.72 and a one year high of $42.74. The stock has a market capitalization of $3,981.61, a price-to-earnings ratio of 19.26, a PEG ratio of 1.58 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, November 10th. Versum Materials’s payout ratio is 11.30%.
In other Versum Materials news, Director Thomas Riordan bought 2,550 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $38.90 per share, with a total value of $99,195.00. Following the completion of the transaction, the director now owns 5,511 shares in the company, valued at $214,377.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Financial Partners Inc. bought a new stake in Versum Materials in the second quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Versum Materials by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock valued at $129,000 after buying an additional 428 shares during the last quarter. Creative Planning increased its holdings in Versum Materials by 17.0% in the second quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock valued at $149,000 after buying an additional 666 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Versum Materials by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock valued at $189,000 after buying an additional 2,326 shares during the last quarter. Finally, McQueen Ball & Associates Inc. bought a new stake in Versum Materials in the third quarter valued at about $228,000. 90.38% of the stock is currently owned by institutional investors and hedge funds.
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About Versum Materials
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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