MTS Systems (NASDAQ:MTSC) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

MTS Systems (NASDAQ:MTSC) posted its earnings results on Monday. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02), reports. The company had revenue of $224.08 million for the quarter, compared to analyst estimates of $218.07 million. MTS Systems had a return on equity of 9.78% and a net margin of 4.83%. MTS Systems’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. MTS Systems updated its FY20 guidance to $2.20-2.55 EPS.

NASDAQ MTSC opened at $46.50 on Thursday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.06 and a beta of 1.32. The stock’s 50 day moving average price is $56.65 and its two-hundred day moving average price is $56.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.22 and a current ratio of 1.89. MTS Systems has a 52 week low of $38.42 and a 52 week high of $63.31.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.58%. The ex-dividend date is Friday, December 13th. MTS Systems’s payout ratio is 49.18%.

Several equities analysts have recently issued reports on MTSC shares. BidaskClub lowered MTS Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd. ValuEngine upgraded MTS Systems from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Sidoti cut MTS Systems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $69.00 to $60.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $58.67.

About MTS Systems

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test 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.

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Earnings History for MTS Systems (NASDAQ:MTSC)

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