MTS Systems Corporation (MTSC) Releases Earnings Results, Misses Expectations By $-0.44 EPS

MTS Systems Corporation (MTSC) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.27 earnings per share for the quarter, missing the analyst consensus estimate by $-0.44. Analysts had a consensus of $0.71. The company posted revenue of $137.10 million in the period, compared to analysts expectations of $144.28 million. The company’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

MTS Systems Corporation opened for trading at $55.73 and hit $56.5 on the upside on Friday, eventually ending the session at $56.42, with a gain of 0.50% or 0.28 points. The heightened volatility saw the trading volume jump to 78,305 shares. Company has a market cap of $833 M.

In a different news, on Apr 8, 2016, Jeffrey A Graves (CEO) purchased 322 shares at $51.83 per share price. According to the SEC, on Apr 8, 2016, Chun Hung Yu (director) purchased 2,000 shares at $52.00 per share price. On Aug 27, 2015, David D Johnson (director) purchased 5,000 shares at $60.33 per share price, according to the Form-4 filing with the securities and exchange commission.

MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware software and services solutions help customers improve their design development and manufacturing processes and are used for determining the mechanical behavior of materials products and structures. Test also sells a range of accessories and spare parts as well as services including installation calibration maintenance training and consulting. MTS’ sensors segment provides controls for a range of industrial and vehicular applications. The segment’s customer industries include manufacturers of plastic injection molding machines steel mills fluid power oil and gas medical wood product processing equipment mobile equipment and energy.

MTS Systems Corporation

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