MTS Systems (NASDAQ:MTSC) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided EPS guidance of $2.42-2.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.63. The company issued revenue guidance of $830-870 million, compared to the consensus revenue estimate of $860.99 million.
MTSC stock traded up $0.18 during midday trading on Monday, hitting $56.24. The company’s stock had a trading volume of 112,788 shares, compared to its average volume of 52,578. The stock has a market capitalization of $1.00 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43. MTS Systems has a 12 month low of $38.42 and a 12 month high of $57.00. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 0.92.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings data on Monday, February 4th. The scientific and technical instruments company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $203.20 million for the quarter, compared to analysts’ expectations of $206.78 million. MTS Systems had a return on equity of 8.78% and a net margin of 4.91%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts predict that MTS Systems will post 2.65 earnings per share for the current year.
Several equities analysts have recently weighed in on MTSC shares. TheStreet raised MTS Systems from a c+ rating to a b- rating in a report on Wednesday, February 20th. BidaskClub raised MTS Systems from a hold rating to a buy rating in a report on Monday, February 4th. ValuEngine raised MTS Systems from a hold rating to a buy rating in a report on Saturday, February 2nd. Finally, Zacks Investment Research raised MTS Systems from a sell rating to a strong-buy rating and set a $59.00 price target on the stock in a report on Thursday, February 7th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. MTS Systems currently has a consensus rating of Buy and an average target price of $64.50.
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About MTS Systems
MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.
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