Versum Materials Inc (NYSE:VSM) to Post Q2 2018 Earnings of $0.52 Per Share, Seaport Global Securities Forecasts

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.

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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.

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Earnings History and Estimates for Versum Materials (NYSE:VSM)

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