MTS Systems Corporation (MTSC) To Go Ex-Dividend on September 15th
MTS Systems Corporation (NASDAQ:MTSC) declared a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Investors of record on Monday, September 18th will be paid a dividend of 0.30 per share by the scientific and technical instruments company on Monday, October 2nd. This represents a $1.20 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, September 15th.
MTS Systems Corporation (NASDAQ:MTSC) opened at 47.10 on Friday. The firm has a 50-day moving average of $49.36 and a 200-day moving average of $51.42. The company has a market capitalization of $798.58 million, a P/E ratio of 36.04 and a beta of 1.27. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $59.00.
MTS Systems Corporation (NASDAQ:MTSC) last issued its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The company had revenue of $194 million for the quarter, compared to the consensus estimate of $193.03 million. During the same period in the previous year, the firm earned $0.78 earnings per share. MTS Systems Corporation’s quarterly revenue was up 23.0% compared to the same quarter last year. Analysts anticipate that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.
In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of MTS Systems Corporation stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the completion of the sale, the insider now directly owns 50,514 shares in the company, valued at $2,732,807.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Hore purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $48.20 per share, with a total value of $482,000.00. Following the completion of the transaction, the insider now owns 15,000 shares of the company’s stock, valued at $723,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 20,000 shares of company stock valued at $951,560. Company insiders own 1.50% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research report on Tuesday, July 11th. Finally, BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. MTS Systems Corporation presently has a consensus rating of “Hold” and an average price target of $55.67.
MTS Systems Corporation Company Profile
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.
Receive News & Stock Ratings for MTS Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corporation and related stocks with our FREE daily email newsletter.