Equities analysts expect Versum Materials Inc (NYSE:VSM) to post sales of $354.35 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Versum Materials’ earnings. The lowest sales estimate is $354.10 million and the highest is $354.60 million. Versum Materials posted sales of $350.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The business is scheduled to announce its next earnings results on Tuesday, August 6th.

On average, analysts expect that Versum Materials will report full year sales of $1.40 billion for the current financial year, with estimates ranging from $1.39 billion to $1.42 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.47 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Versum Materials.

Versum Materials (NYSE:VSM) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.57. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The firm had revenue of $326.20 million for the quarter, compared to the consensus estimate of $340.56 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year.

Several equities analysts have issued reports on the stock. Loop Capital downgraded shares of Versum Materials from a “buy” rating to a “hold” rating and decreased their price objective for the company from $56.00 to $53.00 in a report on Tuesday, April 16th. Zacks Investment Research downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Goldman Sachs Group raised shares of Versum Materials from a “sell” rating to a “neutral” rating and increased their price objective for the company from $26.00 to $31.00 in a report on Thursday, January 31st. KeyCorp increased their price objective on shares of Versum Materials from $44.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Finally, Stifel Nicolaus downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.60.

VSM traded up $0.17 during midday trading on Friday, hitting $51.82. 14,803 shares of the company traded hands, compared to its average volume of 1,988,983. The company has a quick ratio of 3.74, a current ratio of 5.27 and a debt-to-equity ratio of 3.18. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 22.06 and a beta of 2.06. Versum Materials has a 52-week low of $25.02 and a 52-week high of $52.58.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, May 13th. Versum Materials’s payout ratio is 13.62%.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Versum Materials by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 113,798 shares of the basic materials company’s stock worth $4,098,000 after buying an additional 29,096 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Versum Materials by 12.0% during the 3rd quarter. Morgan Stanley now owns 340,115 shares of the basic materials company’s stock valued at $12,249,000 after buying an additional 36,329 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Versum Materials by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 10,282,274 shares of the basic materials company’s stock valued at $370,264,000 after buying an additional 385,271 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Versum Materials by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 10,282,274 shares of the basic materials company’s stock valued at $370,264,000 after buying an additional 385,271 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Versum Materials by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 141,368 shares of the basic materials company’s stock valued at $3,919,000 after buying an additional 572 shares during the last quarter. 91.75% of the stock is currently owned by hedge funds and other 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. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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

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