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.
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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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