Wall Street analysts expect MTS Systems Co. (NASDAQ:MTSC) to post $195.52 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for MTS Systems’ earnings, with the highest sales estimate coming in at $199.14 million and the lowest estimate coming in at $191.90 million. MTS Systems reported sales of $193.42 million in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The firm is scheduled to announce its next earnings report on Monday, May 14th.
On average, analysts expect that MTS Systems will report full year sales of $812.40 million for the current year, with estimates ranging from $812.20 million to $812.61 million. For the next year, analysts expect that the business will report sales of $846.31 million per share, with estimates ranging from $844.22 million to $848.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover MTS Systems.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. The company had revenue of $194.20 million for the quarter, compared to analysts’ expectations of $196.23 million. The business’s revenue was down 2.6% compared to the same quarter last year.
Several equities research analysts have recently commented on MTSC shares. B. Riley set a $70.00 price target on MTS Systems and gave the stock a “buy” rating in a research note on Tuesday, February 6th. BidaskClub upgraded MTS Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 3rd. Finally, Zacks Investment Research cut MTS Systems from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MTS Systems presently has a consensus rating of “Buy” and a consensus target price of $62.00.
Shares of MTS Systems stock traded down $0.05 during trading hours on Tuesday, hitting $52.30. 97,122 shares of the company were exchanged, compared to its average volume of 73,947. MTS Systems has a 1 year low of $45.22 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.71 and a quick ratio of 1.20. The stock has a market capitalization of $911.22, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.16 and a beta of 1.02.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, March 16th. MTS Systems’s payout ratio is 54.05%.
In other MTS Systems news, Director Chun Hung Yu acquired 2,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was purchased at an average price of $53.29 per share, for a total transaction of $106,580.00. Following the completion of the transaction, the director now owns 39,901 shares of the company’s stock, valued at approximately $2,126,324.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey A. Graves acquired 4,000 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average price of $53.58 per share, with a total value of $214,320.00. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its position in MTS Systems by 209.6% in the fourth quarter. Advisor Group Inc. now owns 3,192 shares of the scientific and technical instruments company’s stock worth $171,000 after acquiring an additional 2,161 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in MTS Systems in the fourth quarter worth $201,000. Jefferies Group LLC purchased a new position in MTS Systems in the fourth quarter worth $220,000. Virginia Retirement Systems ET AL purchased a new position in MTS Systems in the third quarter worth $267,000. Finally, Teacher Retirement System of Texas purchased a new position in MTS Systems in the fourth quarter worth $312,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
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About MTS Systems
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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