Brokerages forecast that Versum Materials Inc (NYSE:VSM) will announce earnings of $0.57 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Versum Materials’ earnings, with estimates ranging from $0.54 to $0.60. Versum Materials posted earnings per share of $0.47 in the same quarter last year, which would suggest a positive year over year growth rate of 21.3%. The company is expected to announce its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Versum Materials will report full year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.35. For the next year, analysts expect that the firm will report earnings of $2.54 per share, with EPS estimates ranging from $2.49 to $2.60. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Versum Materials.

Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $350.00 million for the quarter, compared to analyst estimates of $344.20 million. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%.

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

Versum Materials stock traded down $0.23 on Friday, reaching $31.39. The company’s stock had a trading volume of 859,421 shares, compared to its average volume of 492,365. 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 firm has a market cap of $3.92 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.19 and a beta of 0.63. Versum Materials has a twelve month low of $31.01 and a twelve month high of $42.74.

In other news, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were acquired at an average price of $37.49 per share, with a total value of $93,725.00. Following the completion of the purchase, the director now directly owns 16,859 shares of the company’s stock, valued at approximately $632,043.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of VSM. Boston Partners lifted 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 valued at $170,330,000 after acquiring an additional 858,236 shares during the period. Iridian Asset Management LLC CT lifted its stake in shares of Versum Materials by 10.2% during 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 acquiring an additional 578,716 shares during the period. Vulcan Value Partners LLC bought a new stake in Versum Materials in the second quarter valued at about $20,762,000. Millennium Management LLC increased its holdings in Versum Materials by 60.6% in the second quarter. Millennium Management LLC now owns 598,860 shares of the basic materials company’s stock valued at $22,248,000 after purchasing an additional 225,982 shares during the last quarter. Finally, Overbrook Management Corp increased its holdings in Versum Materials by 31.0% in the second quarter. Overbrook Management Corp now owns 697,104 shares of the basic materials company’s stock valued at $25,897,000 after purchasing an additional 165,144 shares during the last quarter. 91.90% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Versum Materials (NYSE:VSM)

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