FY2019 Earnings Forecast for Versum Materials Inc Issued By Oppenheimer (VSM)
Versum Materials Inc (NYSE:VSM) – Equities research analysts at Oppenheimer issued their FY2019 earnings estimates for Versum Materials in a note issued to investors on Tuesday. Oppenheimer analyst I. Zaffino anticipates that the basic materials company will post earnings of $2.51 per share for the year.
Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $295.68 million. Versum Materials had a return on equity of 6,666.66% and a net margin of 13.55%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS.
Versum Materials (NYSE VSM) traded up $0.64 during trading hours on Friday, reaching $35.04. The company had a trading volume of 676,793 shares, compared to its average volume of 557,303. The firm has a market cap of $3,882.20, a PE ratio of 23.99, a P/E/G ratio of 1.49 and a beta of 0.07. The company has a debt-to-equity ratio of 16.37, a quick ratio of 2.88 and a current ratio of 4.13. Versum Materials has a 1-year low of $28.32 and a 1-year high of $42.74.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, February 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. Versum Materials’s dividend payout ratio (DPR) is presently 13.61%.
In related news, Director Thomas Riordan acquired 2,550 shares of the stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the purchase, the director now directly owns 5,511 shares in the company, valued at $214,377.90. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of VSM. Cubist Systematic Strategies LLC bought a new position in shares of Versum Materials in the 2nd quarter valued at $219,000. Balyasny Asset Management LLC acquired a new position in shares of Versum Materials in the 2nd quarter valued at about $221,000. McQueen Ball & Associates Inc. acquired a new position in shares of Versum Materials in the 3rd quarter valued at about $228,000. Shelton Capital Management acquired a new position in shares of Versum Materials in the 2nd quarter valued at about $278,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Versum Materials in the 2nd quarter valued at about $390,000. Hedge funds and other institutional investors own 90.72% of the company’s stock.
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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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