MTS Systems Corporation (NASDAQ:MTSC) announced a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Investors of record on Monday, September 18th will be given 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 dividend yield of 2.57%. The ex-dividend date is Friday, September 15th.
MTS Systems Corporation (NASDAQ MTSC) traded up 0.11% during midday trading on Friday, hitting $46.75. The company had a trading volume of 55,306 shares. The stock has a market cap of $792.65 million, a PE ratio of 35.77 and a beta of 1.29. MTS Systems Corporation has a 52-week low of $41.53 and a 52-week high of $59.00. The stock’s 50-day moving average price is $51.42 and its 200-day moving average price is $52.38.
MTS Systems Corporation (NASDAQ:MTSC) last posted its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. The firm had revenue of $194 million for the quarter, compared to analyst estimates of $193.03 million. During the same quarter in the prior year, the company earned $0.78 EPS. MTS Systems Corporation’s revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that MTS Systems Corporation will post $2.14 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on MTSC shares. Zacks Investment Research raised 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 lowered MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $55.67.
In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 1,426 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $54.40, for a total transaction of $77,574.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey A. Graves sold 23,820 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total value of $1,288,662.00. Following the transaction, the insider now directly owns 50,514 shares in the company, valued at approximately $2,732,807.40. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
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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