MTS Systems Corporation (NASDAQ:MTSC) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

MTS Systems Corporation (NASDAQ:MTSC) issued its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.10, Bloomberg Earnings reports. The company had revenue of $194 million during the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a return on equity of 12.49% and a net margin of 3.13%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share.

Shares of MTS Systems Corporation (NASDAQ MTSC) traded up 0.11% on Friday, reaching $46.75. The company’s stock had a trading volume of 55,306 shares. MTS Systems Corporation has a 12-month low of $41.53 and a 12-month high of $59.00. The company’s 50 day moving average price is $51.42 and its 200 day moving average price is $52.38. The company has a market cap of $792.65 million, a P/E ratio of 35.77 and a beta of 1.29.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 2.57%. MTS Systems Corporation’s dividend payout ratio is currently 91.60%.

Several equities research analysts have recently weighed in on the company. FBR & Co reissued an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. Zacks Investment Research raised MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, BidaskClub cut MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. MTS Systems Corporation has an average rating of “Hold” and an average price target of $55.67.

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In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the transaction, the insider now owns 50,514 shares in the company, valued at approximately $2,732,807.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey A. Graves sold 1,426 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $54.40, for a total value of $77,574.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock valued at $195,000 after buying an additional 384 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MTS Systems Corporation by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 269,188 shares of the scientific and technical instruments company’s stock valued at $14,818,000 after buying an additional 6,909 shares during the last quarter. US Bancorp DE increased its stake in MTS Systems Corporation by 4.9% in the first quarter. US Bancorp DE now owns 19,244 shares of the scientific and technical instruments company’s stock valued at $1,059,000 after buying an additional 898 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in MTS Systems Corporation by 5.9% in the first quarter. Great West Life Assurance Co. Can now owns 23,400 shares of the scientific and technical instruments company’s stock valued at $1,287,000 after buying an additional 1,313 shares during the last quarter. Finally, Welch & Forbes LLC increased its stake in MTS Systems Corporation by 1.0% in the first quarter. Welch & Forbes LLC now owns 6,970 shares of the scientific and technical instruments company’s stock valued at $384,000 after buying an additional 70 shares during the last quarter.

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.

Earnings History for MTS Systems Corporation (NASDAQ:MTSC)

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