Equities analysts expect Versum Materials Inc (NYSE:VSM) to report sales of $258.9 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Versum Materials’ earnings. The highest sales estimate is $264 million and the lowest is $253.8 million. The business is expected to issue its next quarterly earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Versum Materials will report full-year sales of $258.9 million for the current fiscal year, with estimates ranging from $1.05 billion to $1.07 billion. For the next year, analysts expect that the firm will post sales of $1.12 billion per share, with estimates ranging from $1.1 billion to $1.14 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Versum Materials.
Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. The business had revenue of $270.80 million for the quarter, compared to analyst estimates of $249.95 million. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS.
VSM has been the subject of several recent analyst reports. Zacks Investment Research cut Versum Materials from a “buy” rating to a “hold” rating in a research note on Saturday, May 6th. KeyCorp raised their target price on Versum Materials from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, January 23rd. Goldman Sachs Group Inc initiated coverage on Versum Materials in a research note on Friday, February 10th. They set a “neutral” rating and a $32.00 target price for the company. Aegis initiated coverage on Versum Materials in a research note on Friday, March 17th. They set a “hold” rating and a $33.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $31.00 target price on shares of Versum Materials in a research note on Tuesday, February 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $30.44.
In other news, Director Susan C. Schnabel acquired 2,500 shares of Versum Materials stock in a transaction on Wednesday, March 15th. The stock was purchased at an average price of $30.14 per share, with a total value of $75,350.00. Following the completion of the purchase, the director now owns 2,500 shares of the company’s stock, valued at approximately $75,350. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.
A number of large investors have recently made changes to their positions in VSM. High Point Bank & Trust Co. purchased a new stake in shares of Versum Materials during the fourth quarter worth approximately $100,000. Capital Guardian Trust Co. purchased a new stake in shares of Versum Materials during the fourth quarter worth approximately $121,000. Elkfork Partners LLC purchased a new stake in shares of Versum Materials during the fourth quarter worth approximately $129,000. Glen Harbor Capital Management LLC boosted its stake in shares of Versum Materials by 18.9% in the first quarter. Glen Harbor Capital Management LLC now owns 4,290 shares of the basic materials company’s stock worth $131,000 after buying an additional 682 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in shares of Versum Materials during the fourth quarter worth approximately $143,000. 17.22% of the stock is owned by hedge funds and other institutional investors.
Versum Materials (NYSE:VSM) traded up 1.00% during midday trading on Thursday, hitting $30.35. The stock had a trading volume of 439,878 shares. The stock has a market capitalization of $3.30 billion and a price-to-earnings ratio of 17.48. Versum Materials has a 52 week low of $21.86 and a 52 week high of $33.01. The company’s 50 day moving average price is $30.65 and its 200-day moving average price is $28.45.
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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.
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