MTS Systems (MTSC) Downgraded to “Strong Sell” at BidaskClub

BidaskClub downgraded shares of MTS Systems (NASDAQ:MTSC) from a sell rating to a strong sell rating in a report published on Saturday.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research upgraded MTS Systems from a sell rating to a hold rating in a research report on Wednesday, November 29th. B. Riley set a $70.00 target price on MTS Systems and gave the company a buy rating in a research report on Monday, November 27th. Finally, FBR & Co reiterated a buy rating on shares of MTS Systems in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $65.50.

Shares of MTS Systems (NASDAQ MTSC) traded up $0.35 during midday trading on Friday, hitting $54.45. The company had a trading volume of 62,992 shares, compared to its average volume of 70,889. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.98. MTS Systems has a 52 week low of $44.65 and a 52 week high of $59.00. The company has a market capitalization of $968.88, a PE ratio of 24.53, a P/E/G ratio of 2.39 and a beta of 1.27.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. MTS Systems had a return on equity of 10.32% and a net margin of 3.18%. The firm had revenue of $201.50 million for the quarter, compared to analysts’ expectations of $195.24 million. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. research analysts anticipate that MTS Systems will post 2.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, December 15th. MTS Systems’s dividend payout ratio is presently 91.60%.

A number of institutional investors have recently added to or reduced their stakes in MTSC. SG Americas Securities LLC acquired a new stake in shares of MTS Systems during the second quarter valued at about $110,000. Crossmark Global Holdings Inc. acquired a new stake in shares of MTS Systems during the third quarter valued at about $201,000. Wedbush Securities Inc. acquired a new stake in shares of MTS Systems during the third quarter valued at about $214,000. Virtu KCG Holdings LLC acquired a new stake in shares of MTS Systems during the second quarter valued at about $220,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of MTS Systems during the third quarter valued at about $267,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “MTS Systems (MTSC) Downgraded to “Strong Sell” at BidaskClub” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/14/mts-systems-mtsc-downgraded-to-strong-sell-at-bidaskclub.html.

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.

Receive News & Ratings for MTS Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply