Versum Materials (VSM) Getting Favorable Media Coverage, Accern Reports
Media stories about Versum Materials (NYSE:VSM) have trended positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Versum Materials earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 47.2772514033005 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Versum Materials (VSM) opened at 35.23 on Friday. Versum Materials has a 12 month low of $21.86 and a 12 month high of $37.40. The firm has a 50-day moving average of $34.25 and a 200-day moving average of $31.36. The firm has a market cap of $3.83 billion and a price-to-earnings ratio of 19.90.
Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $290.80 million for the quarter, compared to the consensus estimate of $265.64 million. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. On average, analysts anticipate that Versum Materials will post $1.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, August 3rd.
VSM has been the topic of several analyst reports. Credit Suisse Group set a $33.00 price target on shares of Versum Materials and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Saturday, May 6th. Aegis upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, June 23rd. Needham & Company LLC started coverage on shares of Versum Materials in a research report on Monday, July 10th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.30.
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In other Versum Materials news, Director Jacques M. Croisetiere acquired 2,750 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $36.00 per share, with a total value of $99,000.00. Following the completion of the acquisition, the director now owns 8,376 shares in the company, valued at approximately $301,536. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.
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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