MTS Systems Co. (MTSC) to Issue Quarterly Dividend of $0.30 on September 30th

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MTS Systems Co. (NASDAQ:MTSC) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.30 per share by the scientific and technical instruments company on Monday, September 30th. This represents a $1.20 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, September 13th.

MTS Systems has increased its dividend payment by an average of 7.7% per year over the last three years and has raised its dividend every year for the last 8 years. MTS Systems has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect MTS Systems to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.7%.

NASDAQ MTSC opened at $55.76 on Wednesday. The stock has a market capitalization of $994.15 million, a price-to-earnings ratio of 17.00, a PEG ratio of 2.31 and a beta of 1.31. MTS Systems has a one year low of $38.42 and a one year high of $63.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.89 and a quick ratio of 1.22. The business’s fifty day moving average is $57.88 and its 200-day moving average is $56.01.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 5th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $232.20 million during the quarter, compared to the consensus estimate of $211.96 million. MTS Systems had a net margin of 5.66% and a return on equity of 10.77%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. Research analysts expect that MTS Systems will post 2.4 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Wells Fargo & Co set a $57.00 price target on MTS Systems and gave the company a “market perform” rating in a research report on Monday, May 20th. Finally, ValuEngine downgraded MTS Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $58.00.

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, 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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Dividend History for MTS Systems (NASDAQ:MTSC)

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