Versum Materials Inc (NYSE:VSM) – Oppenheimer issued their FY2019 EPS estimates for Versum Materials in a research note issued to investors on Tuesday. Oppenheimer analyst I. Zaffino expects that the basic materials company will post earnings of $2.51 per share for the year.

VSM has been the topic of a number of other reports. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Credit Suisse Group increased their price objective on shares of Versum Materials from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. KeyCorp reissued an “overweight” rating and issued a $4.00 price objective (down from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. ValuEngine downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group reissued a “neutral” rating on shares of Versum Materials in a research report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.25.

Shares of Versum Materials (NYSE VSM) opened at $35.04 on Friday. The stock has a market cap of $3,747.35, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.07. Versum Materials has a fifty-two week low of $28.32 and a fifty-two week high of $42.74. The company has a current ratio of 4.13, a quick ratio of 2.88 and a debt-to-equity ratio of 16.37.

Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The company had revenue of $330.80 million for the quarter, compared to analyst estimates of $295.68 million. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its position in shares of Versum Materials by 6.3% in the 2nd quarter. State Street Corp now owns 2,834,415 shares of the basic materials company’s stock valued at $92,125,000 after buying an additional 168,498 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Versum Materials by 100.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 932,533 shares of the basic materials company’s stock valued at $30,308,000 after buying an additional 468,383 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Versum Materials by 34.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 402,776 shares of the basic materials company’s stock valued at $13,090,000 after buying an additional 104,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Versum Materials by 10.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock valued at $598,000 after buying an additional 1,731 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Versum Materials by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 193,950 shares of the basic materials company’s stock valued at $6,303,000 after buying an additional 4,200 shares during the last quarter. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $34.64 per share, with a total value of $86,600.00. Following the transaction, the director now directly owns 14,335 shares of the company’s stock, valued at approximately $496,564.40. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas Riordan bought 2,550 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the completion of the transaction, the director now directly owns 5,511 shares in the company, valued at $214,377.90. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be given 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 Monday, February 12th. Versum Materials’s dividend payout ratio is presently 13.61%.

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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.

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

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