Versum Materials (VSM) Receives Daily Coverage Optimism Score of 0.19
News headlines about Versum Materials (NYSE:VSM) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Versum Materials earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.5962718480385 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s scoring:
- American Vanguard’s (AVD) Unit to Acquire Grupo Agricenter (msn.com)
- Here’s Why Versum Materials Stock is a Good Investment Pick (zacks.com)
- Here's Why Versum Materials Stock is a Good Investment Pick (finance.yahoo.com)
- American Vanguard's (AVD) Unit to Acquire Grupo Agricenter (finance.yahoo.com)
VSM has been the subject of several analyst reports. 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 report on Friday, June 23rd. Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Credit Suisse Group set a $35.00 price target on Versum Materials and gave the company a “buy” rating in a report on Wednesday, June 14th. Needham & Company LLC started coverage on Versum Materials in a report on Monday, July 10th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price target (up previously from $34.00) on shares of Versum Materials in a report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Versum Materials currently has an average rating of “Buy” and a consensus price target of $34.60.
Shares of Versum Materials (NYSE:VSM) opened at 37.82 on Friday. Versum Materials has a 52 week low of $21.86 and a 52 week high of $38.23. The firm has a market cap of $4.11 billion and a PE ratio of 21.37. The firm’s 50-day moving average price is $37.70 and its 200 day moving average price is $33.86.
Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. The business had revenue of $290.80 million for the quarter, compared to the consensus estimate of $265.64 million. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities analysts anticipate that Versum Materials will post $1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, August 3rd.
In other news, Director Jacques M. Croisetiere bought 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $36.00 per share, with a total value of $99,000.00. Following the completion of the transaction, the director now directly owns 8,376 shares in the company, valued at $301,536. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by company insiders.
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.
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