Versum Materials Inc (VSM) Expected to Post Earnings of $0.50 Per Share

Analysts expect Versum Materials Inc (NYSE:VSM) to post earnings per share of $0.50 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Versum Materials’ earnings. The highest EPS estimate is $0.52 and the lowest is $0.46. Versum Materials reported earnings of $0.47 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The firm is scheduled to issue its next earnings report on Monday, February 12th.

According to Zacks, analysts expect that Versum Materials will report full year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.02 to $2.16. For the next year, analysts anticipate that the company will post earnings of $2.28 per share, with EPS estimates ranging from $2.23 to $2.37. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Versum Materials.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The business had revenue of $294.50 million for the quarter, compared to analyst estimates of $281.39 million. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS.

Several analysts recently weighed in on the company. ValuEngine upgraded Versum Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Stifel Nicolaus assumed coverage on Versum Materials in a research note on Wednesday, September 20th. They set a “hold” rating and a $42.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $41.00 target price on shares of Versum Materials in a research note on Tuesday, September 5th. Jefferies Group restated a “hold” rating and set a $38.00 target price on shares of Versum Materials in a research note on Thursday, October 19th. Finally, Zacks Investment Research upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Saturday, November 11th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.44.

Shares of Versum Materials (NYSE:VSM) traded down $0.21 during trading hours on Wednesday, reaching $37.85. The company had a trading volume of 407,202 shares, compared to its average volume of 583,323. Versum Materials has a 1 year low of $26.72 and a 1 year high of $42.74. The company has a market cap of $4,145.81, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.65 and a beta of 0.85. The company has a debt-to-equity ratio of 39.72, a quick ratio of 2.88 and a current ratio of 3.84.

In related news, Director Thomas Riordan bought 2,550 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the transaction, the director now directly owns 5,511 shares of the company’s stock, valued at $214,377.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in VSM. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Versum Materials by 12.0% during 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 in the last quarter. Riverhead Capital Management LLC increased its stake 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 buying an additional 2,326 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Versum Materials by 243.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,263 shares of the basic materials company’s stock valued at $204,000 after buying an additional 4,442 shares during the period. Long Road Investment Counsel LLC acquired a new stake in shares of Versum Materials in the 2nd quarter valued at $205,000. Finally, Bahl & Gaynor Inc. acquired a new stake in shares of Versum Materials in the 2nd quarter valued at $212,000. 90.37% of the stock is owned by hedge funds and other institutional investors.

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

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