MTS Systems (NASDAQ:MTSC) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

MTS Systems (NASDAQ:MTSC) posted its quarterly earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11, Briefing.com reports. MTS Systems had a net margin of 5.36% and a return on equity of 10.00%. The firm had revenue of $233.05 million for the quarter, compared to analysts’ expectations of $209.59 million. During the same period in the prior year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. MTS Systems updated its FY 2019 guidance to $2.42-2.72 EPS and its FY19 guidance to $2.42-2.72 EPS.

NASDAQ:MTSC traded down $0.23 during mid-day trading on Thursday, reaching $54.85. The company’s stock had a trading volume of 51,679 shares, compared to its average volume of 98,000. MTS Systems has a 1 year low of $38.42 and a 1 year high of $59.10. The firm has a market cap of $990.39 million, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.83 and a quick ratio of 1.14.

MTSC has been the subject of a number of research reports. TheStreet raised shares of MTS Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, February 20th. BidaskClub raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. ValuEngine raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Wells Fargo & Co set a $57.00 price objective on shares of MTS Systems and gave the stock a “market perform” rating in a research note on Monday, May 20th. Finally, Zacks Investment Research raised shares of MTS Systems from a “sell” rating to a “strong-buy” rating and set a $59.00 price objective for the company in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $62.00.

In other MTS Systems news, CEO Jeffrey A. Graves acquired 1,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average cost of $56.31 per share, with a total value of $56,310.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of MTS Systems by 2.5% during the first quarter. BlackRock Inc. now owns 2,669,130 shares of the scientific and technical instruments company’s stock valued at $145,362,000 after buying an additional 63,886 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of MTS Systems by 2.2% during the third quarter. Vanguard Group Inc. now owns 1,811,620 shares of the scientific and technical instruments company’s stock valued at $99,186,000 after buying an additional 38,658 shares during the last quarter. Vanguard Group Inc lifted its position in shares of MTS Systems by 2.2% during the third quarter. Vanguard Group Inc now owns 1,811,620 shares of the scientific and technical instruments company’s stock valued at $99,186,000 after buying an additional 38,658 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MTS Systems by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 943,097 shares of the scientific and technical instruments company’s stock valued at $37,847,000 after buying an additional 69,717 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of MTS Systems by 0.6% during the first quarter. Clearbridge Investments LLC now owns 463,414 shares of the scientific and technical instruments company’s stock valued at $25,238,000 after buying an additional 2,881 shares during the last quarter. 99.03% of the stock is owned by institutional investors and hedge funds.

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About MTS Systems

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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