Brokerages Expect Versum Materials Inc (VSM) to Announce $0.57 EPS

Analysts expect that Versum Materials Inc (NYSE:VSM) will post earnings of $0.57 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Versum Materials’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.60. Versum Materials reported earnings of $0.59 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 14th.

On average, analysts expect that Versum Materials will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.40. For the next fiscal year, analysts expect that the company will post earnings of $2.60 per share. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Versum Materials.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Monday, February 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The business had revenue of $339.50 million for the quarter, compared to the consensus estimate of $339.69 million. During the same period in the prior year, the business earned $0.54 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis.

Several brokerages have recently issued reports on VSM. Zacks Investment Research downgraded Versum Materials from a “hold” rating to a “sell” rating in a research report on Saturday. Goldman Sachs Group upgraded Versum Materials from a “sell” rating to a “neutral” rating and upped their price objective for the company from $26.00 to $31.00 in a research report on Thursday, January 31st. Finally, Loop Capital upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Versum Materials currently has a consensus rating of “Hold” and a consensus target price of $46.33.

Shares of NYSE:VSM opened at $37.01 on Friday. The company has a current ratio of 4.82, a quick ratio of 3.39 and a debt-to-equity ratio of 3.65. Versum Materials has a 52-week low of $25.02 and a 52-week high of $41.35. The firm has a market capitalization of $4.04 billion, a PE ratio of 15.75, a P/E/G ratio of 1.20 and a beta of 1.94.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Tuesday, February 12th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 11th. This represents a $0.32 annualized dividend and a yield of 0.86%. Versum Materials’s dividend payout ratio (DPR) is presently 13.62%.

In other Versum Materials news, Director Thomas Riordan bought 6,000 shares of Versum Materials stock in a transaction that occurred on Wednesday, December 12th. The shares were purchased at an average cost of $29.03 per share, for a total transaction of $174,180.00. Following the completion of the transaction, the director now owns 20,005 shares of the company’s stock, valued at approximately $580,745.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schnabel bought 1,000 shares of Versum Materials stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average price of $31.91 per share, for a total transaction of $31,910.00. Following the completion of the transaction, the director now directly owns 22,877 shares of the company’s stock, valued at approximately $730,005.07. The disclosure for this purchase can be found here. Insiders have purchased 8,000 shares of company stock worth $236,940 over the last quarter. 0.61% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in Versum Materials during the fourth quarter worth about $29,000. Arcadia Investment Management Corp MI lifted its position in Versum Materials by 25.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 4,229 shares of the basic materials company’s stock worth $117,000 after buying an additional 850 shares during the period. Grandview Asset Management LLC purchased a new position in Versum Materials during the fourth quarter worth about $204,000. Oakbrook Investments LLC increased its stake in Versum Materials by 30.7% during the third quarter. Oakbrook Investments LLC now owns 7,450 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. acquired a new stake in Versum Materials during the third quarter worth about $283,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

About Versum Materials

Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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