Versum Materials Inc (NYSE:VSM) – Equities researchers at Seaport Global Securities lifted their Q2 2018 earnings per share (EPS) estimates for shares of Versum Materials in a research note issued on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.50. Seaport Global Securities also issued estimates for Versum Materials’ Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $2.26 EPS.
Several other research firms have also commented on VSM. Zacks Investment Research lowered Versum Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Jefferies Group restated a “neutral” rating on shares of Versum Materials in a research report on Tuesday, November 28th. KeyCorp restated an “overweight” rating and set a $4.00 price target (down from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target (up from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Finally, Loop Capital lowered Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.25.
Shares of Versum Materials (NYSE VSM) opened at $36.49 on Monday. Versum Materials has a one year low of $28.70 and a one year high of $42.74. The stock has a market capitalization of $3,975.02, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.50 and a beta of 0.07. The company has a debt-to-equity ratio of 16.37, a quick ratio of 3.08 and a current ratio of 4.13.
Versum Materials (NYSE:VSM) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $295.68 million. Versum Materials had a return on equity of 6,666.66% and a net margin of 13.55%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. Versum Materials’s dividend payout ratio (DPR) is presently 13.61%.
In related news, Director Susan C. Schnabel bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $34.64 per share, for a total transaction of $86,600.00. Following the completion of the acquisition, the director now owns 14,335 shares in the company, valued at approximately $496,564.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.55% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Versum Materials by 6.3% in the second quarter. State Street Corp now owns 2,834,415 shares of the basic materials company’s stock valued at $92,125,000 after purchasing an additional 168,498 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Versum Materials by 100.9% in the second quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock valued at $30,308,000 after purchasing an additional 468,383 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Versum Materials by 10.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock valued at $598,000 after buying an additional 1,731 shares in the last quarter. California Public Employees Retirement System raised its stake in Versum Materials by 2.2% in the second quarter. California Public Employees Retirement System now owns 193,950 shares of the basic materials company’s stock valued at $6,303,000 after buying an additional 4,200 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Versum Materials in the second quarter valued at $219,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Versum Materials Inc (NYSE:VSM) to Post Q2 2018 Earnings of $0.52 Per Share, Seaport Global Securities Forecasts” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/20/versum-materials-inc-expected-to-earn-q2-2018-earnings-of-0-52-per-share-vsm.html.
Versum Materials Company Profile
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.
Get a free copy of the Zacks research report on Versum Materials (VSM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Versum Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials and related companies with MarketBeat.com's FREE daily email newsletter.