Versum Materials Inc (NYSE:VSM) – Equities researchers at Jefferies Group lifted their FY2019 earnings per share estimates for shares of Versum Materials in a research report issued to clients and investors on Wednesday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $2.50 per share for the year, up from their prior estimate of $2.25. Jefferies Group has a “Neutral” rating on the stock.
Several other analysts have also recently issued reports on VSM. Zacks Investment Research cut shares of Versum Materials from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and upped their target price for the company from $43.00 to $46.00 in a research report on Tuesday. Credit Suisse Group upped their target price 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. TheStreet upgraded shares of Versum Materials from a “d+” rating to a “c-” rating in a research report on Tuesday. Finally, ValuEngine cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Versum Materials currently has a consensus rating of “Hold” and an average price target of $37.22.
Versum Materials (NYSE:VSM) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $330.80 million for the quarter, compared to analysts’ expectations of $295.68 million. Versum Materials had a net margin of 13.55% and a return on equity of 6,666.66%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Monday, February 12th. Versum Materials’s dividend payout ratio is 13.61%.
In other news, Director Thomas Riordan purchased 2,550 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the acquisition, the director now owns 5,511 shares of the company’s stock, valued at approximately $214,377.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.
A number of large investors have recently modified their holdings of VSM. Cubist Systematic Strategies LLC bought a new position in Versum Materials during the 2nd quarter valued at about $219,000. Balyasny Asset Management LLC bought a new position in Versum Materials during the 2nd quarter valued at about $221,000. McQueen Ball & Associates Inc. bought a new position in Versum Materials during the 3rd quarter valued at about $228,000. Shelton Capital Management bought a new position in Versum Materials during the 2nd quarter valued at about $278,000. Finally, Tudor Investment Corp ET AL bought a new position in Versum Materials during the 2nd quarter valued at 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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