MTS Systems Co. (NASDAQ:MTSC) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Investors of record on Monday, September 16th will be paid a dividend of 0.30 per share by the scientific and technical instruments company on Monday, September 30th. This represents a $1.20 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, September 13th.

MTS Systems has increased its dividend payment by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 8 years. MTS Systems has a dividend payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MTS Systems to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.7%.

Shares of MTSC opened at $56.61 on Thursday. MTS Systems has a 12-month low of $38.42 and a 12-month high of $63.31. The company has a quick ratio of 1.22, a current ratio of 1.89 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $994.15 million, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.31 and a beta of 1.31. The stock’s 50-day moving average price is $57.90 and its 200 day moving average price is $56.02.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, August 5th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The firm had revenue of $232.20 million for the quarter, compared to analyst estimates of $211.96 million. MTS Systems had a return on equity of 10.77% and a net margin of 5.66%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. Equities research analysts expect that MTS Systems will post 2.4 EPS for the current year.

MTSC has been the topic of a number of recent research reports. ValuEngine downgraded MTS Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Wells Fargo & Co set a $57.00 price objective on MTS Systems and gave the company a “market perform” rating in a report on Monday, May 20th. Finally, BidaskClub downgraded MTS Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $58.00.

MTS Systems Company Profile

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.

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Dividend History for MTS Systems (NASDAQ:MTSC)

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