MTS Systems Corporation (MTSC) Issues FY18 Earnings Guidance

MTS Systems Corporation (NASDAQ:MTSC) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $2.05-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.40. The company issued revenue guidance of $780-820 million, compared to the consensus revenue estimate of $815.90 million.

Several brokerages recently issued reports on MTSC. B. Riley reissued a buy rating on shares of MTS Systems in a report on Wednesday, November 1st. BidaskClub lowered shares of MTS Systems from a hold rating to a sell rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of MTS Systems from a hold rating to a sell rating in a report on Wednesday, October 25th. Finally, FBR & Co reissued a buy rating on shares of MTS Systems in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $61.00.

Shares of MTS Systems Corporation (NASDAQ:MTSC) traded up $0.40 during mid-day trading on Monday, reaching $54.95. 31,200 shares of the company traded hands, compared to its average volume of 93,416. The stock has a market capitalization of $931.73, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. The company has a current ratio of 2.06, a quick ratio of 1.46 and a debt-to-equity ratio of 1.05. MTS Systems Corporation has a 12 month low of $44.65 and a 12 month high of $59.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, December 15th. MTS Systems’s payout ratio is 91.60%.

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MTS Systems Company Profile

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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