Versum Materials (NYSE:VSM) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03, RTT News reports. The business had revenue of $330.80 million during the quarter, compared to the consensus estimate of $295.68 million. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share.
Shares of Versum Materials (NYSE VSM) opened at $35.82 on Tuesday. Versum Materials has a 1 year low of $28.32 and a 1 year high of $42.74. 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 stock has a market capitalization of $4,041.24, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.61 and a beta of 0.07.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, February 12th. Versum Materials’s dividend payout ratio (DPR) is presently 11.30%.
In other news, Director Thomas Riordan purchased 2,550 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $38.90 per share, with a total value of $99,195.00. Following the completion of the transaction, the director now owns 5,511 shares in the company, valued at $214,377.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in shares of Versum Materials during the second quarter worth about $219,000. Balyasny Asset Management LLC acquired a new position in shares of Versum Materials during the second quarter worth about $221,000. McQueen Ball & Associates Inc. acquired a new position in shares of Versum Materials during the third quarter worth about $228,000. Shelton Capital Management acquired a new position in shares of Versum Materials during the second quarter worth about $278,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Versum Materials during the second quarter worth about $390,000. Institutional investors own 90.72% of the company’s stock.
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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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