Equities research analysts forecast that Versum Materials Inc (NYSE:VSM) will report earnings per share (EPS) of $0.53 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Versum Materials’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.59. Versum Materials posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 20.5%. The company is scheduled to announce its next earnings report on Tuesday, May 1st.
On average, analysts expect that Versum Materials will report full-year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.16 to $2.30. For the next financial year, analysts forecast that the company will report earnings of $2.50 per share, with EPS estimates ranging from $2.50 to $2.51. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Versum Materials.
Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The firm had revenue of $330.80 million during the quarter, compared to analyst estimates of $295.68 million. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS.
Several brokerages recently commented on VSM. Zacks Investment Research downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Jefferies Group reaffirmed a “neutral” rating on shares of Versum Materials in a research note on Tuesday, November 28th. ValuEngine downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus raised shares of Versum Materials from a “hold” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $46.00 in a research note on Tuesday, February 6th. Finally, Credit Suisse Group decreased their target price on shares of Versum Materials from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.25.
Shares of VSM stock traded up $0.26 during midday trading on Wednesday, hitting $39.31. 112,413 shares of the company traded hands, compared to its average volume of 516,714. The company has a current ratio of 4.13, a quick ratio of 3.08 and a debt-to-equity ratio of 16.37. Versum Materials has a 12 month low of $28.70 and a 12 month high of $42.74. The stock has a market capitalization of $4,286.58, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.22.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, February 12th. Versum Materials’s payout ratio is currently 13.61%.
In related news, Director Susan C. Schnabel acquired 2,500 shares of Versum Materials stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $34.64 per share, with a total value of $86,600.00. Following the transaction, the director now owns 14,335 shares in the company, valued at $496,564.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.
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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