Media headlines about MTS Systems (NASDAQ:MTSC) have trended somewhat negative recently, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MTS Systems earned a news sentiment score of -0.04 on AlphaOne’s scale. AlphaOne also assigned news articles about the scientific and technical instruments company an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the near term.
MTSC has been the topic of several recent analyst reports. TheStreet downgraded shares of MTS Systems from a “b-” rating to a “c” rating in a research report on Monday, April 17th. Zacks Investment Research raised shares of MTS Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Finally, JPMorgan Chase & Co. cut shares of MTS Systems from an “overweight” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Friday, February 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MTS Systems has a consensus rating of “Hold” and a consensus target price of $55.67.
Shares of MTS Systems (NASDAQ:MTSC) opened at 53.35 on Friday. The stock has a market capitalization of $893.13 million, a PE ratio of 44.91 and a beta of 1.54. The firm has a 50-day moving average of $49.21 and a 200 day moving average of $53.58. MTS Systems has a 52-week low of $41.53 and a 52-week high of $59.00.
MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, May 8th. The scientific and technical instruments company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.19. MTS Systems had a return on equity of 12.45% and a net margin of 5.37%. The company had revenue of $193.42 million during the quarter, compared to the consensus estimate of $185.54 million. During the same period last year, the business earned $0.27 EPS. Equities research analysts forecast that MTS Systems will post $2.22 EPS for the current fiscal year.
In related news, insider David Hore acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average cost of $51.55 per share, with a total value of $257,750.00. Following the purchase, the insider now owns 5,000 shares of the company’s stock, valued at $257,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.
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About MTS Systems
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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