Equities analysts expect that MTS Systems Co. (NASDAQ:MTSC) will announce $0.63 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for MTS Systems’ earnings, with estimates ranging from $0.62 to $0.63. MTS Systems posted earnings of $0.56 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The firm is scheduled to issue its next quarterly earnings results on Monday, August 6th.
According to Zacks, analysts expect that MTS Systems will report full-year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.35 to $2.40. For the next year, analysts expect that the company will report earnings of $3.01 per share, with EPS estimates ranging from $2.90 to $3.11. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover MTS Systems.
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MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, May 7th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). The company had revenue of $191.30 million for the quarter, compared to analysts’ expectations of $193.92 million. MTS Systems had a net margin of 7.40% and a return on equity of 8.03%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share.
A number of brokerages have recently commented on MTSC. BidaskClub cut shares of MTS Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine upgraded shares of MTS Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research cut shares of MTS Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, B. Riley set a $70.00 target price on shares of MTS Systems and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $62.00.
In other MTS Systems news, insider Jeffrey A. Graves bought 4,000 shares of MTS Systems stock in a transaction dated Thursday, March 15th. The stock was acquired at an average cost of $53.58 per share, for a total transaction of $214,320.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chun Hung Yu bought 2,000 shares of MTS Systems stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average price of $53.29 per share, with a total value of $106,580.00. Following the completion of the transaction, the director now directly owns 39,901 shares of the company’s stock, valued at $2,126,324.29. The disclosure for this purchase can be found here. Insiders bought 8,000 shares of company stock valued at $418,700 over the last quarter. Company insiders own 1.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of MTSC. SG Americas Securities LLC acquired a new stake in MTS Systems during the first quarter worth about $141,000. Advisor Group Inc. increased its position in MTS Systems by 209.6% during the fourth quarter. Advisor Group Inc. now owns 3,192 shares of the scientific and technical instruments company’s stock worth $171,000 after purchasing an additional 2,161 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in MTS Systems during the fourth quarter worth about $201,000. Jefferies Group LLC acquired a new stake in MTS Systems during the fourth quarter worth about $220,000. Finally, Pitcairn Co. acquired a new stake in MTS Systems during the first quarter worth about $284,000. Institutional investors and hedge funds own 98.62% of the company’s stock.
MTS Systems traded up $0.85, hitting $51.95, during midday trading on Friday, according to MarketBeat. 97,000 shares of the company traded hands, compared to its average volume of 72,895. The company has a quick ratio of 1.20, a current ratio of 1.68 and a debt-to-equity ratio of 0.75. The company has a market cap of $875.40 million, a price-to-earnings ratio of 23.40, a PEG ratio of 2.09 and a beta of 1.01. MTS Systems has a 52-week low of $42.00 and a 52-week high of $57.50.
About MTS Systems
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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