Versum Materials (VSM) Getting Somewhat Positive News Coverage, Study Finds
Media headlines about Versum Materials (NYSE:VSM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Versum Materials earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.7791584740641 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Versum Materials (NYSE VSM) opened at 37.20 on Friday. Versum Materials has a 12-month low of $21.86 and a 12-month high of $37.51. The firm has a 50-day moving average price of $35.82 and a 200-day moving average price of $32.33. The company has a market cap of $4.05 billion and a P/E ratio of 21.02.
Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. The firm had revenue of $290.80 million for the quarter, compared to the consensus estimate of $265.64 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s revenue was up 19.8% compared to the same quarter last year. On average, analysts forecast that Versum Materials will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a $0.05 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%.
VSM has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $41.00 target price on shares of Versum Materials in a report on Tuesday. Zacks Investment Research raised Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Versum Materials in a report on Wednesday, August 2nd. Credit Suisse Group set a $40.00 target price on Versum Materials and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, Aegis raised Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $34.60.
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In related news, Director Jacques M. Croisetiere bought 2,750 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $36.00 per share, for a total transaction of $99,000.00. Following the completion of the purchase, the director now directly owns 8,376 shares of the company’s stock, valued at $301,536. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.
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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