Equities analysts forecast that MTS Systems Co. (NASDAQ:MTSC) will announce earnings of $0.49 per share for the current quarter, Zacks reports. Two analysts have provided estimates for MTS Systems’ earnings. The highest EPS estimate is $0.50 and the lowest is $0.48. MTS Systems posted earnings of $0.67 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 26.9%. The company is scheduled to report its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that MTS Systems will report full-year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.40. For the next financial year, analysts forecast that the company will post earnings of $3.01 per share, with EPS estimates ranging from $2.90 to $3.11. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $194.20 million for the quarter, compared to analysts’ expectations of $196.23 million. MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. MTS Systems’s revenue was down 2.6% compared to the same quarter last year.
A number of analysts have recently weighed in on MTSC shares. BidaskClub lowered MTS Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. B. Riley set a $70.00 price objective on MTS Systems and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Zacks Investment Research lowered MTS Systems from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $62.00.
Large investors have recently added to or reduced their stakes in the company. BRYN MAWR TRUST Co lifted its stake in MTS Systems by 1.2% in the fourth quarter. BRYN MAWR TRUST Co now owns 97,791 shares of the scientific and technical instruments company’s stock worth $5,252,000 after acquiring an additional 1,113 shares during the period. MetLife Investment Advisors LLC purchased a new stake in MTS Systems in the fourth quarter worth $402,000. Millennium Management LLC lifted its stake in MTS Systems by 75.8% in the fourth quarter. Millennium Management LLC now owns 105,287 shares of the scientific and technical instruments company’s stock worth $5,654,000 after acquiring an additional 45,392 shares during the period. 1492 Capital Management LLC purchased a new stake in MTS Systems in the fourth quarter worth $1,731,000. Finally, Goldman Sachs Group Inc. lifted its stake in MTS Systems by 89.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 56,003 shares of the scientific and technical instruments company’s stock worth $3,007,000 after acquiring an additional 26,401 shares during the period. 96.61% of the stock is owned by hedge funds and other institutional investors.
Shares of MTS Systems (NASDAQ MTSC) opened at $48.85 on Friday. The firm has a market capitalization of $868.55, a P/E ratio of 23.49, a PEG ratio of 2.06 and a beta of 1.12. MTS Systems has a 52 week low of $44.65 and a 52 week high of $57.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.20 and a current ratio of 1.71.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, March 16th. MTS Systems’s dividend payout ratio (DPR) is presently 40.82%.
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About MTS Systems
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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