Wall Street analysts expect MTS Systems Co. (NASDAQ:MTSC) to announce sales of $207.11 million for the current quarter, according to Zacks. Two analysts have made estimates for MTS Systems’ earnings. The highest sales estimate is $207.20 million and the lowest is $207.01 million. MTS Systems reported sales of $193.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The business is expected to announce its next quarterly earnings report on Monday, August 6th.
On average, analysts expect that MTS Systems will report full-year sales of $810.83 million for the current fiscal year, with estimates ranging from $810.25 million to $811.40 million. For the next fiscal year, analysts forecast that the company will report sales of $853.44 million per share, with estimates ranging from $852.30 million to $854.58 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for MTS Systems.
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MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, May 7th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). MTS Systems had a return on equity of 8.03% and a net margin of 7.40%. The business had revenue of $191.30 million for the quarter, compared to analysts’ expectations of $193.92 million. During the same period last year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis.
MTSC has been the subject of a number of recent research reports. BidaskClub raised shares of MTS Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 3rd. Zacks Investment Research cut shares of MTS Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine upgraded shares of MTS Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, B. Riley set a $70.00 target price on shares of MTS Systems and gave the stock a “buy” rating in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. MTS Systems currently has a consensus rating of “Buy” and an average price target of $62.00.
Shares of MTS Systems traded up $0.05, reaching $53.50, during mid-day trading on Monday, according to MarketBeat Ratings. 133,177 shares of the company’s stock were exchanged, compared to its average volume of 73,873. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.68 and a quick ratio of 1.12. MTS Systems has a 52-week low of $42.00 and a 52-week high of $57.50. The stock has a market cap of $952.96 million, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.27 and a beta of 1.03.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Friday, June 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 21st. This represents a $1.20 dividend on an annualized basis and a yield of 2.24%. MTS Systems’s dividend payout ratio (DPR) is currently 54.05%.
In other news, insider Jeffrey A. Graves bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were purchased at an average price of $48.90 per share, for a total transaction of $97,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of MTS Systems by 2.5% in the 4th quarter. BlackRock Inc. now owns 2,201,945 shares of the scientific and technical instruments company’s stock valued at $118,244,000 after purchasing an additional 53,456 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of MTS Systems by 241.4% in the 4th quarter. Arizona State Retirement System now owns 29,883 shares of the scientific and technical instruments company’s stock valued at $1,605,000 after purchasing an additional 21,130 shares during the last quarter. 1492 Capital Management LLC acquired a new position in shares of MTS Systems in the 4th quarter valued at $1,731,000. Swiss National Bank boosted its holdings in shares of MTS Systems by 5.5% in the 4th quarter. Swiss National Bank now owns 28,900 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in shares of MTS Systems by 30.7% in the 4th quarter. Pinebridge Investments L.P. now owns 26,797 shares of the scientific and technical instruments company’s stock valued at $1,440,000 after purchasing an additional 6,291 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.
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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