Jefferies Group Equities Analysts Increase Earnings Estimates for Versum Materials Inc (VSM)

Versum Materials Inc (NYSE:VSM) – Equities research analysts at Jefferies Group increased their FY2019 EPS estimates for shares of Versum Materials in a research note issued on Wednesday. Jefferies Group analyst L. Alexander now forecasts that the basic materials company will post earnings per share of $2.50 for the year, up from their prior forecast of $2.25. Jefferies Group currently has a “Neutral” rating on the stock.

VSM has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Versum Materials from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus raised shares of Versum Materials from a “hold” rating to a “buy” rating and lifted their price target for the company from $43.00 to $46.00 in a research report on Tuesday. Credit Suisse Group lifted their price target on shares of Versum Materials from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. TheStreet raised shares of Versum Materials from a “d+” rating to a “c-” rating in a research report on Tuesday. Finally, ValuEngine lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.22.

Versum Materials (NYSE:VSM) traded up $0.64 during trading hours on Friday, hitting $35.04. 677,643 shares of the stock were exchanged, compared to its average volume of 570,578. Versum Materials has a 12 month low of $28.32 and a 12 month high of $42.74. The company has a market capitalization of $3,747.35, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.43 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 (NYSE:VSM) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The company had revenue of $330.80 million for the quarter, compared to analyst estimates of $295.68 million. During the same quarter last year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 22.2% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in Versum Materials by 6.3% during the second quarter. State Street Corp now owns 2,834,415 shares of the basic materials company’s stock worth $92,125,000 after acquiring an additional 168,498 shares during the period. Dimensional Fund Advisors LP increased its position in Versum Materials by 100.9% during the second quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock worth $30,308,000 after acquiring an additional 468,383 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Versum Materials by 34.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 402,776 shares of the basic materials company’s stock worth $13,090,000 after acquiring an additional 104,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Versum Materials by 10.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 1,731 shares during the period. Finally, California Public Employees Retirement System increased its position in Versum Materials by 2.2% during the second quarter. California Public Employees Retirement System now owns 193,950 shares of the basic materials company’s stock worth $6,303,000 after acquiring an additional 4,200 shares during the period. 90.72% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $34.64 per share, with a total value of $86,600.00. Following the completion of the transaction, the director now owns 14,335 shares of the company’s stock, valued at approximately $496,564.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Riordan bought 2,550 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the transaction, the director now directly owns 5,511 shares of the company’s stock, valued at approximately $214,377.90. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, February 12th. Versum Materials’s dividend payout ratio (DPR) is currently 13.61%.

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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.

Earnings History and Estimates for Versum Materials (NYSE:VSM)

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