Equities analysts expect Versum Materials Inc (NYSE:VSM) to announce $0.50 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Versum Materials’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.52. Versum Materials posted earnings per share of $0.47 during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The company is scheduled to issue its next earnings results on Monday, February 12th.
On average, analysts expect that Versum Materials will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.16. For the next year, analysts anticipate that the firm will post earnings of $2.28 per share, with EPS estimates ranging from $2.23 to $2.37. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Versum Materials.
Versum Materials (NYSE:VSM) last posted its earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $294.50 million during the quarter, compared to the consensus estimate of $281.39 million. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share.
VSM has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Credit Suisse Group upped their price objective on shares of Versum Materials from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. KeyCorp reiterated an “overweight” rating and issued a $4.00 price objective (down previously from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective (up previously from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. Finally, ValuEngine upgraded shares of Versum Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Versum Materials has an average rating of “Buy” and an average target price of $36.90.
In related news, Director Thomas Riordan bought 2,550 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of $38.90 per share, with a total value of $99,195.00. Following the completion of the purchase, the director now directly owns 5,511 shares of the company’s stock, valued at $214,377.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. purchased a new stake in Versum Materials during the 2nd quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Versum Materials by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock valued at $129,000 after acquiring an additional 428 shares in the last quarter. Creative Planning grew its stake in Versum Materials by 17.0% during the 2nd quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 666 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Versum Materials by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 2,326 shares in the last quarter. Finally, McQueen Ball & Associates Inc. purchased a new stake in Versum Materials during the 3rd quarter valued at about $228,000. 90.37% of the stock is owned by institutional investors and hedge funds.
Versum Materials (NYSE VSM) traded down $0.21 during midday trading on Friday, reaching $36.59. 299,099 shares of the company were exchanged, compared to its average volume of 504,599. The firm has a market capitalization of $4,004.46, a P/E ratio of 19.37, a PEG ratio of 1.59 and a beta of 0.85. Versum Materials has a 52 week low of $26.72 and a 52 week high of $42.74. The company has a quick ratio of 2.88, a current ratio of 3.84 and a debt-to-equity ratio of 39.72.
The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. Versum Materials’s dividend payout ratio is currently 11.30%.
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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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