Versum Materials Inc (NYSE:VSM) – Equities researchers at Seaport Global Securities cut their FY2018 earnings per share (EPS) estimates for shares of Versum Materials in a report issued on Monday, August 13th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $2.34 per share for the year, down from their prior forecast of $2.37. Seaport Global Securities also issued estimates for Versum Materials’ Q4 2018 earnings at $0.58 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.56 EPS.
Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. The firm had revenue of $350.00 million during the quarter, compared to analysts’ expectations of $344.20 million.
Shares of NYSE VSM opened at $37.32 on Wednesday. Versum Materials has a 52 week low of $33.06 and a 52 week high of $42.74. The company has a quick ratio of 3.39, a current ratio of 4.43 and a debt-to-equity ratio of 6.20. The company has a market cap of $4.06 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.22 and a beta of 0.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 14th will be given a $0.06 dividend. The ex-dividend date is Monday, August 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. Versum Materials’s payout ratio is 12.57%.
In other Versum Materials news, Director Susan C. Schnabel acquired 2,500 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was bought at an average cost of $37.49 per share, with a total value of $93,725.00. Following the completion of the transaction, the director now directly owns 16,859 shares in the company, valued at approximately $632,043.91. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.55% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Versum Materials by 1.2% in the second quarter. BlackRock Inc. now owns 10,009,996 shares of the basic materials company’s stock valued at $371,872,000 after buying an additional 120,849 shares during the last quarter. Iridian Asset Management LLC CT lifted its position in shares of Versum Materials by 10.2% in the second quarter. Iridian Asset Management LLC CT now owns 6,239,870 shares of the basic materials company’s stock valued at $231,811,000 after buying an additional 578,716 shares during the last quarter. Boston Partners increased its stake in shares of Versum Materials by 23.0% during the second quarter. Boston Partners now owns 4,584,931 shares of the basic materials company’s stock worth $170,330,000 after purchasing an additional 858,236 shares during the period. Franklin Resources Inc. increased its stake in shares of Versum Materials by 0.7% during the first quarter. Franklin Resources Inc. now owns 3,937,509 shares of the basic materials company’s stock worth $148,169,000 after purchasing an additional 28,223 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Versum Materials by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,093,339 shares of the basic materials company’s stock worth $40,618,000 after purchasing an additional 74,743 shares during the period. 92.13% of the stock is owned by institutional investors.
Versum Materials Company Profile
Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.
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