Media stories about MTS Systems (NASDAQ:MTSC) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MTS Systems earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.9915418710227 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of equities research analysts have issued reports on MTSC shares. BidaskClub upgraded shares of MTS Systems from a “hold” rating to a “buy” rating in a report on Saturday, March 24th. B. Riley set a $70.00 price objective on shares of MTS Systems and gave the company a “buy” rating in a research report on Wednesday, May 9th. ValuEngine raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered shares of MTS Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.00.
Shares of MTS Systems traded down $0.70, reaching $52.80, during trading hours on Monday, according to MarketBeat.com. 3,612 shares of the company traded hands, compared to its average volume of 73,873. The firm has a market capitalization of $953.85 million, a P/E ratio of 23.78, a P/E/G ratio of 2.28 and a beta of 1.03. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.12 and a current ratio of 1.68. MTS Systems has a 1-year low of $42.00 and a 1-year high of $57.50.
MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, May 7th. The scientific and technical instruments company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The company had revenue of $191.30 million for the quarter, compared to analyst estimates of $193.92 million. MTS Systems had a net margin of 7.40% and a return on equity of 8.03%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. equities analysts forecast that MTS Systems will post 2.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, June 21st. MTS Systems’s dividend payout ratio is currently 54.05%.
In related news, insider Jeffrey A. Graves acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The stock was acquired at an average price of $48.90 per share, with a total value of $97,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
MTS Systems Company Profile
MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems for durability testing; vehicle performance test systems; vehicle dynamics simulators; electrical motors and energy recovery systems; tire performance and rolling resistance measurement systems; and moving ground-plane systems and balances.
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