Versum Materials (NYSE:VSM) will announce its earnings results before the market opens on Tuesday, February 6th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
Versum Materials (NYSE:VSM) last announced its earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The company had revenue of $294.50 million for the quarter, compared to analyst estimates of $281.39 million. During the same period in the prior year, the business earned $0.44 earnings per share. Versum Materials’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts expect Versum Materials to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Versum Materials (NYSE VSM) opened at $38.01 on Tuesday. Versum Materials has a 12-month low of $27.48 and a 12-month high of $42.74. The stock has a market cap of $4,140.00 and a P/E ratio of 21.60. The company has a debt-to-equity ratio of 39.72, a quick ratio of 2.88 and a current ratio of 3.84.
In other Versum Materials news, Director Thomas Riordan acquired 2,550 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the completion of the acquisition, the director now directly owns 5,511 shares of the company’s stock, valued at approximately $214,377.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.
A number of equities analysts have recently issued reports on VSM shares. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Credit Suisse Group upped their target price on shares of Versum Materials from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. KeyCorp restated an “overweight” rating and issued a $4.00 price objective (down from $41.00) on shares of Versum Materials in a report on Friday, November 10th. ValuEngine lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective (up from $41.00) on shares of Versum Materials in a report on Friday, November 10th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $36.89.
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About Versum Materials
Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.
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