Equities analysts forecast that MTS Systems Co. (NASDAQ:MTSC) will post $195.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for MTS Systems’ earnings, with estimates ranging from $191.90 million to $199.14 million. MTS Systems posted sales of $193.42 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.1%. The company is expected to report its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that MTS Systems will report full year sales of $812.40 million for the current year, with estimates ranging from $812.20 million to $812.61 million. For the next fiscal year, analysts anticipate that the business will post sales of $846.31 million per share, with estimates ranging from $844.22 million to $848.40 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for MTS Systems.
MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $194.20 million during the quarter, compared to the consensus estimate of $196.23 million. MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. MTS Systems’s revenue for the quarter was down 2.6% on a year-over-year basis.
Several brokerages recently issued reports on MTSC. BidaskClub downgraded MTS Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Zacks Investment Research downgraded MTS Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Finally, B. Riley set a $70.00 target price on MTS Systems and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MTS Systems has an average rating of “Buy” and a consensus price target of $62.00.
In other MTS Systems news, insider Jeffrey A. Graves bought 4,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $53.58 per share, with a total value of $214,320.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Chun Hung Yu bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were acquired at an average cost of $53.29 per share, for a total transaction of $106,580.00. Following the purchase, the director now directly owns 39,901 shares in the company, valued at $2,126,324.29. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Advisor Group Inc. raised its stake in MTS Systems by 209.6% during the 4th quarter. Advisor Group Inc. now owns 3,192 shares of the scientific and technical instruments company’s stock valued at $171,000 after acquiring an additional 2,161 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of MTS Systems in the 4th quarter worth $201,000. Jefferies Group LLC bought a new stake in shares of MTS Systems in the 4th quarter worth $220,000. Virginia Retirement Systems ET AL bought a new stake in shares of MTS Systems in the 3rd quarter worth $267,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of MTS Systems in the 4th quarter worth $312,000. 99.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ MTSC traded down $0.05 during mid-day trading on Tuesday, hitting $52.30. The company had a trading volume of 97,122 shares, compared to its average volume of 73,947. The company has a market cap of $911.22, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.16 and a beta of 1.02. MTS Systems has a 12 month low of $45.22 and a 12 month high of $57.50. The company has a current ratio of 1.71, a quick ratio of 1.20 and a debt-to-equity ratio of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, March 16th. MTS Systems’s payout ratio is currently 54.05%.
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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.
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