MTS Systems Co. (MTSC) Plans Quarterly Dividend of $0.30

MTS Systems Co. (NASDAQ:MTSC) declared a quarterly dividend on Monday, February 11th, RTT News reports. Shareholders 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 dividend yield of 2.26%. The ex-dividend date is Friday, March 15th.

MTS Systems has increased its dividend payment by an average of 7.7% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. MTS Systems has a dividend 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%.

Shares of NASDAQ MTSC opened at $53.21 on Thursday. MTS Systems has a 1 year low of $38.42 and a 1 year high of $57.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.08 and a current ratio of 1.79. The stock has a market cap of $949.37 million, a P/E ratio of 16.22, a P/E/G 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 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $203.20 million for the quarter, compared to analysts’ expectations of $206.78 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. MTS Systems’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts predict that MTS Systems will post 2.65 EPS for the current fiscal year.

MTSC has been the topic of several research analyst reports. Zacks Investment Research cut shares of MTS Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 11th. BidaskClub cut shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Saturday, December 22nd. ValuEngine cut shares of MTS Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, TheStreet upgraded shares of MTS Systems from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.50.

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MTS Systems Company Profile

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.

See Also: Leveraged Buyout (LBO)

Dividend History for MTS Systems (NASDAQ:MTSC)

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