MTS Systems Corporation (MTSC) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.66. The company posted revenue of $157.70 million in the period, 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.
Many Wall Street Analysts have commented on MTS Systems Corporation. MTS Systems Corporation was Initiated by JP Morgan to “Overweight” on Jun 23, 2016. Shares were Reiterated by Wunderlich on May 11, 2016 to “Buy” and Lowered the Price Target to $ 68 from a previous price target of $80 .
MTS Systems Corporation opened for trading at $47.06 and hit $47.9499 on the upside on Friday, eventually ending the session at $47.22, with a gain of 1.27% or 0.59 points. The heightened volatility saw the trading volume jump to 88,733 shares. Company has a market cap of $697 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.