Equities research analysts expect MTS Systems Co. (NASDAQ:MTSC) to post sales of $195.52 million for the current fiscal 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 posted sales of $193.42 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.1%. The company is scheduled to announce its next earnings results on Monday, May 14th.
On average, analysts expect that MTS Systems will report full-year sales of $195.52 million for the current year, with estimates ranging from $812.20 million to $812.61 million. For the next financial year, analysts expect that the firm will report sales of $846.31 million per share, with estimates ranging from $844.22 million to $848.40 million. Zacks’ sales averages are an average based on a survey of analysts that cover MTS Systems.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings data on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the 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 business had revenue of $194.20 million during the quarter, compared to the consensus estimate of $196.23 million. The company’s revenue for the quarter was down 2.6% on a year-over-year basis.
MTS Systems (NASDAQ MTSC) traded up $0.95 during midday trading on Wednesday, reaching $52.35. The company had a trading volume of 48,846 shares, compared to its average volume of 77,027. MTS Systems has a 52 week low of $44.65 and a 52 week high of $57.50. The company has a market cap of $949.41, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 2.16 and a beta of 1.12. 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 company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.20 annualized dividend and a yield of 2.29%. MTS Systems’s payout ratio is 74.07%.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in MTS Systems by 2.5% in the fourth quarter. BlackRock Inc. now owns 2,201,945 shares of the scientific and technical instruments company’s stock worth $118,244,000 after purchasing an additional 53,456 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in MTS Systems by 1.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,431,683 shares of the scientific and technical instruments company’s stock worth $76,523,000 after purchasing an additional 20,384 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in MTS Systems by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 657,375 shares of the scientific and technical instruments company’s stock worth $35,137,000 after purchasing an additional 29,421 shares during the last quarter. State Street Corp boosted its position in MTS Systems by 3.7% in the second quarter. State Street Corp now owns 409,067 shares of the scientific and technical instruments company’s stock worth $21,185,000 after purchasing an additional 14,686 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its position in MTS Systems by 1.8% in the fourth quarter. Confluence Investment Management LLC now owns 377,380 shares of the scientific and technical instruments company’s stock worth $20,266,000 after purchasing an additional 6,820 shares during the last quarter. 96.30% of the stock is currently owned by institutional investors and hedge funds.
MTS Systems 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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