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NVDA   545.82 (+1.09%)
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MTS Systems Co. (NASDAQ:MTSC) Expected to Post Earnings of $0.02 Per Share

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Brokerages expect MTS Systems Co. (NASDAQ:MTSC) to report earnings per share (EPS) of $0.02 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for MTS Systems' earnings. MTS Systems reported earnings of $0.37 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 94.6%. The firm is expected to announce its next earnings results on Monday, November 23rd.

On average, analysts expect that MTS Systems will report full year earnings of $0.05 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of $1.12 per share. Zacks' earnings per share calculations are an average based on a survey of analysts that follow MTS Systems.

MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, August 3rd. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.29. MTS Systems had a return on equity of 5.76% and a net margin of 1.61%. The business had revenue of $196.23 million during the quarter.

Several brokerages recently commented on MTSC. Colliers Secur. began coverage on MTS Systems in a research note on Thursday, August 20th. They issued a "buy" rating for the company. BidaskClub raised shares of MTS Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, October 7th. Colliers Securities initiated coverage on shares of MTS Systems in a research note on Thursday, August 20th. They set a "buy" rating and a $36.50 price target on the stock. Finally, ValuEngine lowered shares of MTS Systems from a "sell" rating to a "strong sell" rating in a research note on Monday, September 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. The company has an average rating of "Hold" and an average price target of $31.50.

Shares of MTSC stock opened at $24.04 on Friday. MTS Systems has a fifty-two week low of $13.15 and a fifty-two week high of $61.10. The stock's 50-day moving average is $22.05 and its two-hundred day moving average is $19.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.26. The firm has a market cap of $463.42 million, a P/E ratio of 34.84, a PEG ratio of 2.65 and a beta of 1.68.

A number of institutional investors have recently made changes to their positions in the business. Tributary Capital Management LLC grew its holdings in MTS Systems by 3.8% during the third quarter. Tributary Capital Management LLC now owns 452,176 shares of the scientific and technical instruments company's stock valued at $8,641,000 after purchasing an additional 16,380 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of MTS Systems by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 30,267 shares of the scientific and technical instruments company's stock worth $578,000 after buying an additional 908 shares during the period. State of Alaska Department of Revenue grew its stake in MTS Systems by 9.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 18,027 shares of the scientific and technical instruments company's stock valued at $344,000 after buying an additional 1,590 shares during the last quarter. Two Sigma Advisers LP raised its holdings in MTS Systems by 51.4% in the 2nd quarter. Two Sigma Advisers LP now owns 49,493 shares of the scientific and technical instruments company's stock worth $871,000 after acquiring an additional 16,800 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in MTS Systems by 10.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,364 shares of the scientific and technical instruments company's stock worth $199,000 after acquiring an additional 1,032 shares during the last quarter. 87.04% of the stock is owned by hedge funds and other institutional investors.

MTS Systems Company Profile

MTS Systems Corporation supplies test systems, motion simulators, and sensors in the Americas, Europe, and Asia. The company's Test & Simulation segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.

Further Reading: Coverage Ratio

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