Brokerages expect that Versum Materials Inc. (NYSE:VSM) will post earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Versum Materials’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.40. The business is expected to announce its next earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Versum Materials will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.85. For the next year, analysts forecast that the company will post earnings of $1.92 per share, with EPS estimates ranging from $1.85 to $2.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Versum Materials.
Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The business had revenue of $270.80 million during the quarter, compared to analyst estimates of $249.95 million. During the same quarter last year, the business earned $0.48 earnings per share. Versum Materials’s revenue for the quarter was up 16.0% on a year-over-year basis.
A number of brokerages recently issued reports on VSM. Credit Suisse Group set a $35.00 target price on Versum Materials and gave the stock a “buy” rating in a report on Wednesday. Aegis began coverage on Versum Materials in a report on Friday, March 17th. They issued a “hold” rating and a $33.00 target price on the stock. Finally, Zacks Investment Research cut Versum Materials from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.67.
Versum Materials (VSM) traded up 1.33% during mid-day trading on Tuesday, hitting $31.30. 636,222 shares of the stock were exchanged. Versum Materials has a 1-year low of $21.86 and a 1-year high of $33.01. The company has a market capitalization of $3.40 billion and a PE ratio of 18.03. The stock has a 50 day moving average price of $31.17 and a 200 day moving average price of $29.53.
A number of large investors have recently added to or reduced their stakes in the stock. High Point Bank & Trust Co. bought a new stake in Versum Materials during the fourth quarter worth approximately $100,000. Capital Guardian Trust Co. bought a new stake in Versum Materials during the fourth quarter worth approximately $121,000. Elkfork Partners LLC bought a new stake in Versum Materials during the fourth quarter worth approximately $129,000. Glen Harbor Capital Management LLC raised its stake in Versum Materials by 18.9% in the first quarter. Glen Harbor Capital Management LLC now owns 4,290 shares of the basic materials company’s stock worth $131,000 after buying an additional 682 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in Versum Materials during the fourth quarter worth approximately $143,000. 89.93% of the stock is owned by institutional investors and hedge funds.
Versum Materials Company Profile
Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.
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