Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Zogenix from a sell rating to a hold rating in a research note on Thursday, May 9th. Wells Fargo & Co lowered shares of Occidental Petroleum from an outperform rating to a market perform rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $62.00.
NASDAQ MTSC opened at $56.22 on Tuesday. The business has a fifty day moving average of $56.23. The stock has a market capitalization of $1.00 billion, a PE ratio of 17.14, a P/E/G ratio of 2.12 and a beta of 1.34. MTS Systems has a 12-month low of $38.42 and a 12-month high of $59.44. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.90.
MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11. The business had revenue of $233.05 million during the quarter, compared to analysts’ expectations of $209.59 million. MTS Systems had a net margin of 5.36% and a return on equity of 10.00%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. On average, sell-side analysts forecast that MTS Systems will post 2.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were paid a $0.30 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.13%. MTS Systems’s payout ratio is currently 36.59%.
In other MTS Systems news, insider Jeffrey A. Graves acquired 1,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $54.35 per share, for a total transaction of $54,350.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in MTS Systems by 3.3% during the fourth quarter. BlackRock Inc. now owns 2,605,244 shares of the scientific and technical instruments company’s stock valued at $104,548,000 after buying an additional 84,220 shares during the period. Vanguard Group Inc grew its position in MTS Systems by 2.2% during the third quarter. Vanguard Group Inc now owns 1,811,620 shares of the scientific and technical instruments company’s stock valued at $99,186,000 after buying an additional 38,658 shares during the period. Dimensional Fund Advisors LP grew its position in MTS Systems by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 943,097 shares of the scientific and technical instruments company’s stock valued at $37,847,000 after buying an additional 69,717 shares during the period. Clearbridge Investments LLC grew its position in MTS Systems by 0.6% during the first quarter. Clearbridge Investments LLC now owns 463,414 shares of the scientific and technical instruments company’s stock valued at $25,238,000 after buying an additional 2,881 shares during the period. Finally, Tributary Capital Management LLC grew its position in MTS Systems by 14.5% during the first quarter. Tributary Capital Management LLC now owns 447,405 shares of the scientific and technical instruments company’s stock valued at $24,366,000 after buying an additional 56,733 shares during the period. Institutional investors own 98.87% of the company’s stock.
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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