Analysts forecast that Versum Materials Inc (NYSE:VSM) will post $295.20 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Versum Materials’ earnings, with the highest sales estimate coming in at $299.30 million and the lowest estimate coming in at $291.30 million. Versum Materials posted sales of $270.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The company is scheduled to report its next earnings results on Monday, February 12th.
According to Zacks, analysts expect that Versum Materials will report full year sales of $295.20 million for the current year, with estimates ranging from $1.20 billion to $1.22 billion. For the next year, analysts expect that the company will report sales of $1.27 billion per share, with estimates ranging from $1.24 billion to $1.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Versum Materials.
Versum Materials (NYSE:VSM) last released its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $294.50 million for the quarter, compared to the consensus estimate of $281.39 million. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share.
A number of analysts recently commented on the stock. ValuEngine downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group reissued a “neutral” rating on shares of Versum Materials in a report on Tuesday, November 28th. Zacks Investment Research downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Credit Suisse Group boosted their price objective on shares of Versum Materials from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective (up previously from $41.00) on shares of Versum Materials in a report on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $36.90.
Versum Materials (NYSE VSM) traded down $0.21 during mid-day trading on Monday, reaching $36.59. 299,000 shares of the company were exchanged, compared to its average volume of 498,941. The stock has a market capitalization of $3,981.61, a P/E ratio of 19.26, a P/E/G ratio of 1.58 and a beta of 0.85. Versum Materials has a 52-week low of $26.72 and a 52-week high of $42.74. The company has a current ratio of 3.84, a quick ratio of 2.88 and a debt-to-equity ratio of 39.72.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, November 10th. Versum Materials’s payout ratio is currently 11.30%.
In other Versum Materials news, Director Thomas Riordan bought 2,550 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was bought at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the completion of the transaction, the director now owns 5,511 shares in the company, valued at approximately $214,377.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.
Several large investors have recently bought and sold shares of VSM. Teachers Advisors LLC raised its position in shares of Versum Materials by 2.4% in the first quarter. Teachers Advisors LLC now owns 93,321 shares of the basic materials company’s stock valued at $2,856,000 after buying an additional 2,201 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Versum Materials by 139.5% in the first quarter. Dimensional Fund Advisors LP now owns 464,150 shares of the basic materials company’s stock valued at $14,203,000 after buying an additional 270,327 shares during the last quarter. US Bancorp DE raised its position in shares of Versum Materials by 10.7% in the second quarter. US Bancorp DE now owns 20,470 shares of the basic materials company’s stock valued at $665,000 after buying an additional 1,975 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Versum Materials by 34.8% in the second quarter. Russell Investments Group Ltd. now owns 330,675 shares of the basic materials company’s stock valued at $10,746,000 after buying an additional 85,442 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Versum Materials by 1.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 20,574 shares of the basic materials company’s stock valued at $669,000 after buying an additional 309 shares during the last quarter. 90.38% of the stock is owned by institutional investors and hedge funds.
About Versum Materials
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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