Versum Materials Inc. (NYSE:VSM) – Analysts at Oppenheimer Holdings raised their FY2018 EPS estimates for shares of Versum Materials in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst I. Zaffino now forecasts that the basic materials company will post earnings of $2.09 per share for the year, up from their prior estimate of $1.94.

VSM has been the subject of several other research reports. Credit Suisse Group set a $33.00 target price on Versum Materials and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research raised Versum Materials from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, July 5th. Needham & Company LLC initiated coverage on Versum Materials in a research note on Monday, July 10th. They set a “buy” rating and a $38.00 target price for the company. Aegis raised Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 target price (up previously from $34.00) on shares of Versum Materials in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $34.30.

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Versum Materials (VSM) traded down 0.31% during midday trading on Wednesday, reaching $35.71. The company’s stock had a trading volume of 221,279 shares. The company’s 50-day moving average price is $33.29 and its 200-day moving average price is $30.95. Versum Materials has a 1-year low of $21.86 and a 1-year high of $37.40. The company has a market capitalization of $3.89 billion and a price-to-earnings ratio of 20.18.

Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $290.80 million during the quarter, compared to analyst estimates of $265.64 million. During the same period last year, the business posted $0.45 EPS. Versum Materials’s revenue was up 19.8% compared to the same quarter last year.

Several large investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC increased its stake in shares of Versum Materials by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 20,484 shares of the basic materials company’s stock valued at $627,000 after buying an additional 179 shares in the last quarter. Youngs Advisory Group Inc. increased its stake in shares of Versum Materials by 0.4% in the first quarter. Youngs Advisory Group Inc. now owns 44,064 shares of the basic materials company’s stock valued at $1,348,000 after buying an additional 192 shares in the last quarter. Comerica Bank increased its stake in shares of Versum Materials by 0.3% in the second quarter. Comerica Bank now owns 113,125 shares of the basic materials company’s stock valued at $4,043,000 after buying an additional 287 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake 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 in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Versum Materials by 0.5% in the second quarter. Great West Life Assurance Co. Can now owns 66,277 shares of the basic materials company’s stock valued at $2,153,000 after buying an additional 360 shares in the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 3rd.

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.

Earnings History and Estimates for Versum Materials (NYSE:VSM)

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