MTS Systems (MTSC) Announces Earnings Results, Beats Expectations By $0.11 EPS

MTS Systems (NASDAQ:MTSC) announced its earnings results on Monday. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11, Briefing.com reports. The firm had revenue of $233.05 million for the quarter, compared to analyst estimates of $209.59 million. MTS Systems had a net margin of 4.91% and a return on equity of 8.78%. MTS Systems’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. MTS Systems updated its FY 2019 guidance to $2.42-2.72 EPS and its FY19 guidance to $2.42-2.72 EPS.

Shares of NASDAQ:MTSC traded up $1.16 during midday trading on Tuesday, hitting $57.40. 3,108 shares of the company’s stock traded hands, compared to its average volume of 55,384. MTS Systems has a twelve month low of $38.42 and a twelve month high of $57.00. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.12 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 0.92.

MTSC has been the topic of a number of research analyst reports. BidaskClub upgraded shares of MTS Systems from a “sell” rating to a “hold” rating in a report on Friday, January 11th. ValuEngine upgraded shares of MTS Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research upgraded shares of MTS Systems from a “sell” rating to a “strong-buy” rating and set a $59.00 target price on the stock in a report on Thursday, February 7th. Finally, TheStreet upgraded shares of MTS Systems from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $64.50.

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new stake in MTS Systems during the 1st quarter worth $42,000. Quantamental Technologies LLC purchased a new stake in MTS Systems during the 4th quarter worth $104,000. Federated Investors Inc. PA increased its stake in MTS Systems by 482.1% during the 3rd quarter. Federated Investors Inc. PA now owns 2,794 shares of the scientific and technical instruments company’s stock worth $153,000 after buying an additional 2,314 shares during the period. Gamco Investors INC. ET AL purchased a new stake in MTS Systems during the 1st quarter worth $218,000. Finally, Stone Ridge Asset Management LLC increased its stake in MTS Systems by 17.9% during the 4th quarter. Stone Ridge Asset Management LLC now owns 5,579 shares of the scientific and technical instruments company’s stock worth $224,000 after buying an additional 847 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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MTS Systems Company Profile

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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