Brokerages Expect Versum Materials Inc (VSM) Will Announce Quarterly Sales of $305.50 Million

Wall Street analysts predict that Versum Materials Inc (NYSE:VSM) will post $305.50 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Versum Materials’ earnings. The highest sales estimate is $307.60 million and the lowest is $303.30 million. Versum Materials reported sales of $270.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that Versum Materials will report full year sales of $305.50 million for the current financial year, with estimates ranging from $1.26 billion to $1.29 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.36 billion per share, with estimates ranging from $1.35 billion to $1.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Versum Materials.

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Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The business had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $295.68 million. During the same period last year, the business earned $0.49 earnings per share. The firm’s revenue was up 22.2% on a year-over-year basis.

Several research firms recently weighed in on VSM. Loop Capital cut shares of Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research note on Thursday, January 25th. Jefferies Group raised Versum Materials from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Monday, March 26th. Zacks Investment Research downgraded Versum Materials from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Credit Suisse Group cut their price target on Versum Materials from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Stifel Nicolaus raised Versum Materials from a “hold” rating to a “buy” rating and raised their price target for the company from $43.00 to $46.00 in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $38.75.

In other Versum Materials news, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $34.64 per share, with a total value of $86,600.00. Following the acquisition, the director now directly owns 14,335 shares of the company’s stock, valued at approximately $496,564.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

NYSE:VSM opened at $36.53 on Monday. Versum Materials has a 1-year low of $28.70 and a 1-year high of $42.74. The company has a debt-to-equity ratio of 16.37, a current ratio of 4.13 and a quick ratio of 3.08. The firm has a market capitalization of $3,979.40, a P/E ratio of 19.13, a PEG ratio of 1.25 and a beta of 0.24.

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About Versum Materials

Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.

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Earnings History and Estimates for Versum Materials (NYSE:VSM)

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