MTS Systems Corp. (MTSC) Set to Announce Quarterly Earnings on Wednesday
MTS Systems Corp. (NASDAQ:MTSC) is scheduled to announce its Q416 earnings results on Wednesday, November 30th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $200.15 million for the quarter.
MTS Systems Corp. (NASDAQ:MTSC) opened at 54.90 on Monday. The firm has a 50-day moving average price of $48.17 and a 200-day moving average price of $47.07. The company has a market cap of $915.40 million, a PE ratio of 26.66 and a beta of 1.50. MTS Systems Corp. has a 52-week low of $41.53 and a 52-week high of $64.66.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. MTS Systems Corp.’s dividend payout ratio (DPR) is presently 58.54%.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of MTS Systems Corp. during the third quarter worth approximately $146,000. D.A. Davidson & CO. boosted its stake in shares of MTS Systems Corp. by 37.5% in the third quarter. D.A. Davidson & CO. now owns 3,622 shares of the company’s stock worth $166,000 after buying an additional 988 shares during the period. AXA bought a new stake in shares of MTS Systems Corp. during the second quarter worth about $167,000. Trexquant Investment LP bought a new stake in shares of MTS Systems Corp. during the second quarter worth about $229,000. Finally, Zacks Investment Management bought a new stake in shares of MTS Systems Corp. during the second quarter worth about $241,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on MTSC. Zacks Investment Research upgraded MTS Systems Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 12th. Sidoti upgraded MTS Systems Corp. from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, October 13th. Finally, Wells Fargo & Co. began coverage on MTS Systems Corp. in a research note on Wednesday, August 17th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MTS Systems Corp. presently has an average rating of “Buy” and a consensus target price of $57.00.
About MTS Systems Corp.
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.
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