Versum Materials Inc. to Post Q1 2018 Earnings of $0.49 Per Share, Jefferies Group Forecasts (VSM)
Versum Materials Inc. (NYSE:VSM) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Versum Materials in a note issued to investors on Tuesday. Jefferies Group analyst L. Alexander expects that the basic materials company will earn $0.49 per share for the quarter. Jefferies Group currently has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Versum Materials’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.10 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.50 EPS.
Versum Materials (NYSE:VSM) last announced its earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm had revenue of $294.50 million for the quarter, compared to the consensus estimate of $281.39 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis.
Other equities research analysts also recently issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price (up from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Saturday, November 11th. ValuEngine raised shares of Versum Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Credit Suisse Group set a $40.00 target price on shares of Versum Materials and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Loop Capital initiated coverage on shares of Versum Materials in a research note on Thursday, September 28th. They set a “buy” rating and a $47.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $36.90.
Shares of Versum Materials (NYSE VSM) traded down $1.32 on Wednesday, reaching $38.55. 422,500 shares of the company traded hands, compared to its average volume of 492,151. Versum Materials has a 1 year low of $24.27 and a 1 year high of $42.74. The stock has a market cap of $4,338.53, a P/E ratio of 20.98, a P/E/G ratio of 1.73 and a beta of 1.62. The company has a debt-to-equity ratio of 39.72, a quick ratio of 2.88 and a current ratio of 3.84.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, November 10th. Versum Materials’s dividend payout ratio is presently 11.30%.
In other news, Director Thomas Riordan acquired 2,550 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $38.90 per share, with a total value of $99,195.00. Following the transaction, the director now owns 5,511 shares in the company, valued at approximately $214,377.90. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.
Several large investors have recently made changes to their positions in VSM. Pinnacle Financial Partners Inc. purchased a new stake in shares of Versum Materials in the 2nd quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Versum Materials by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock valued at $129,000 after purchasing an additional 428 shares during the last quarter. MV Capital Management Inc. increased its position in shares of Versum Materials by 20.5% in the 2nd quarter. MV Capital Management Inc. now owns 4,379 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 746 shares during the last quarter. Creative Planning increased its position in shares of Versum Materials by 17.0% in the 2nd quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 666 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Versum Materials by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 2,326 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.
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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