MTS Systems has increased its dividend by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. MTS Systems has a payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Equities 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%.
MTS Systems Co. (NASDAQ:MTSC) declared a quarterly dividend on Monday, February 11th, RTT News reports. Investors of record on Monday, March 18th will be given a dividend of 0.30 per share by the scientific and technical instruments company on Monday, April 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, March 15th.
Shares of NASDAQ:MTSC opened at $53.21 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 0.92. MTS Systems has a one year low of $38.42 and a one year high of $57.00. The firm has a market capitalization of $949.37 million, a price-to-earnings ratio of 16.22, a PEG ratio of 2.00 and a beta of 1.45.
MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, February 4th. The scientific and technical instruments company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08. MTS Systems had a net margin of 4.91% and a return on equity of 8.78%. The firm had revenue of $203.20 million during the quarter, compared to the consensus estimate of $206.78 million. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts expect that MTS Systems will post 2.65 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. ValuEngine downgraded shares of MTS Systems from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub downgraded shares of MTS Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. TheStreet raised shares of MTS Systems from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. Finally, Zacks Investment Research raised shares of MTS Systems from a “sell” rating to a “strong-buy” rating and set a $59.00 price objective for the company in a report on Thursday, February 7th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $64.50.
About MTS Systems
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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