MTS Systems Corporation (MTSC) was Initiated by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Aug 17, 2016.
Many Wall Street Analysts have commented on MTS Systems Corporation. MTS Systems Corporation was Initiated by JP Morgan to “Overweight” on Jun 23, 2016.
On the company’s financial health, MTS Systems Corporation reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.66. The company had revenue of $157.70 million for the quarter, compared to analysts expectations of $146.30 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
MTS Systems Corporation opened for trading at $48.05 and hit $48.61 on the upside on Monday, eventually ending the session at $48.36, with a gain of 1.11% or 0.53 points. The heightened volatility saw the trading volume jump to 3,24,220 shares. Company has a market cap of $806 M.
Investors should note that on Jul 28, 2016, MTS Systems Corporation announced a cash dividend of $0.3000. The company’s management has announced Sep 15, 2016 as the ex-dividend date and fixed the record date on Sep 19, 2016. The payable date has been fixed on Oct 3, 2016.
In a different news, on May 12, 2016, Chun Hung Yu (director) purchased 2,000 shares at $47.44 per share price. According to the SEC, on Apr 8, 2016, Jeffrey A Graves (CEO) purchased 322 shares at $51.83 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 Companys operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segments 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 segments 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.