MTS Systems Corporation (NASDAQ:MTSC) declared a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders 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 2.49%. The ex-dividend date of this dividend is Friday, September 15th.
Shares of MTS Systems Corporation (NASDAQ MTSC) traded up 0.52% on Friday, hitting $48.20. The stock had a trading volume of 78,145 shares. The stock has a market cap of $817.23 million, a PE ratio of 36.88 and a beta of 1.29. MTS Systems Corporation has a 12 month low of $41.53 and a 12 month high of $59.00. The company has a 50 day moving average price of $52.09 and a 200-day moving average price of $52.84.
MTS Systems Corporation (NASDAQ:MTSC) last announced its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $194 million for the quarter, compared to analyst estimates of $193.03 million. During the same quarter last year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts anticipate that MTS Systems Corporation will post $2.14 earnings per share for the current year.
Several analysts have recently issued reports on MTSC shares. TheStreet lowered shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a research report on Monday, April 17th. Zacks Investment Research raised shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. MTS Systems Corporation currently has an average rating of “Hold” and an average target price of $55.67.
In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 1,426 shares of MTS Systems Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $54.40, for a total transaction of $77,574.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Hore bought 10,000 shares of MTS Systems Corporation stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $48.20 per share, for a total transaction of $482,000.00. Following the completion of the purchase, the insider now directly owns 15,000 shares of the company’s stock, valued at $723,000. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.
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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.
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