Brokerages expect MTS Systems Corporation (NASDAQ:MTSC) to report earnings per share (EPS) of $0.46 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for MTS Systems Corporation’s earnings, with estimates ranging from $0.43 to $0.48. MTS Systems Corporation posted earnings per share of $0.78 during the same quarter last year, which suggests a negative year over year growth rate of 41%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, August 7th.
On average, analysts expect that MTS Systems Corporation will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.25 to $2.26. For the next year, analysts forecast that the company will report earnings of $2.67 per share, with EPS estimates ranging from $2.60 to $2.80. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover MTS Systems Corporation.
MTS Systems Corporation (NASDAQ:MTSC) last released its earnings results on Monday, May 8th. The scientific and technical instruments company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.19. MTS Systems Corporation had a net margin of 2.83% and a return on equity of 12.81%. The company had revenue of $193.42 million for the quarter, compared to analyst estimates of $185.54 million. During the same quarter last year, the firm earned $0.27 EPS.
Several equities research analysts recently weighed in on MTSC shares. TheStreet cut shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a research report on Monday, April 17th. Zacks Investment Research upgraded shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, FBR & Co restated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. MTS Systems Corporation currently has a consensus rating of “Hold” and an average price target of $55.67.
In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the transaction, the insider now owns 50,514 shares in the company, valued at $2,732,807.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey A. Graves sold 1,426 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $54.40, for a total transaction of $77,574.40. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bowen Hanes & Co. Inc. purchased a new position in MTS Systems Corporation during the second quarter worth $10,878,000. Texas Permanent School Fund boosted its position in MTS Systems Corporation by 1.2% in the second quarter. Texas Permanent School Fund now owns 12,223 shares of the scientific and technical instruments company’s stock worth $633,000 after buying an additional 150 shares during the period. Great West Life Assurance Co. Can boosted its position in MTS Systems Corporation by 5.1% in the second quarter. Great West Life Assurance Co. Can now owns 24,600 shares of the scientific and technical instruments company’s stock worth $1,273,000 after buying an additional 1,200 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in MTS Systems Corporation by 48.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,650 shares of the scientific and technical instruments company’s stock worth $293,000 after buying an additional 1,850 shares during the period. Finally, Naples Global Advisors LLC boosted its position in MTS Systems Corporation by 1.6% in the second quarter. Naples Global Advisors LLC now owns 11,222 shares of the scientific and technical instruments company’s stock worth $581,000 after buying an additional 180 shares during the period.
MTS Systems Corporation (MTSC) traded up 0.38% during trading on Tuesday, hitting $52.90. 36,341 shares of the company traded hands. The company’s 50 day moving average is $52.78 and its 200-day moving average is $53.13. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $59.00. The stock has a market capitalization of $885.65 million, a PE ratio of 44.83 and a beta of 1.30.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is 98.36%.
MTS Systems Corporation Company Profile
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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