Versum Materials Inc (VSM) Expected to Post Earnings of $0.59 Per Share

Equities analysts expect Versum Materials Inc (NYSE:VSM) to announce earnings of $0.59 per share for the current quarter, according to Zacks. Two analysts have made estimates for Versum Materials’ earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.58. Versum Materials posted earnings of $0.54 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that Versum Materials will report full year earnings of $2.53 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.60. For the next fiscal year, analysts expect that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $2.68 to $2.74. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Versum Materials.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. Versum Materials had a net margin of 14.29% and a return on equity of 264.89%. The business had revenue of $350.80 million during the quarter, compared to the consensus estimate of $329.43 million. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Credit Suisse Group upped their price objective on shares of Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, KeyCorp upped their price objective on shares of Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.14.

VSM stock traded up $1.86 during trading on Wednesday, reaching $34.84. The stock had a trading volume of 680,112 shares, compared to its average volume of 529,210. Versum Materials has a one year low of $28.96 and a one year high of $42.74. The company has a debt-to-equity ratio of 6.20, a quick ratio of 3.39 and a current ratio of 4.43. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.99 and a beta of 1.06.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.92%. This is a boost from Versum Materials’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, November 9th. Versum Materials’s payout ratio is presently 12.57%.

In related news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction on Monday, August 13th. The shares were purchased at an average cost of $37.49 per share, for a total transaction of $93,725.00. Following the completion of the purchase, the director now directly owns 16,859 shares in the company, valued at $632,043.91. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. People s United Financial Inc. purchased a new position in Versum Materials in the second quarter valued at about $16,111,000. SeaCrest Wealth Management LLC boosted its stake in Versum Materials by 615.4% in the second quarter. SeaCrest Wealth Management LLC now owns 4,471 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 3,846 shares during the last quarter. Oakbrook Investments LLC purchased a new position in Versum Materials in the second quarter valued at about $212,000. Associated Banc Corp boosted its stake in Versum Materials by 18.1% in the second quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 1,414 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its stake in Versum Materials by 115.0% in the second quarter. NumerixS Investment Technologies Inc now owns 10,000 shares of the basic materials company’s stock valued at $371,000 after acquiring an additional 5,348 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

About Versum Materials

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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