$0.52 Earnings Per Share Expected for Versum Materials Inc. (VSM) This Quarter

Equities analysts predict that Versum Materials Inc. (NYSE:VSM) will post earnings per share (EPS) of $0.52 for the current quarter, according to Zacks. Three analysts have issued estimates for Versum Materials’ earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.57. Versum Materials posted earnings per share of $0.47 during the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The firm is expected to announce its next quarterly earnings report on Monday, February 12th.

According to Zacks, analysts expect that Versum Materials will report full year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.23. For the next financial year, analysts expect that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.20 to $2.23. Zacks Investment Research’s EPS averages 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 results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm had revenue of $294.50 million during the quarter, compared to the consensus estimate of $281.39 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 18.6% on a year-over-year basis.

Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Saturday, November 11th. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price objective (up previously from $34.00) on shares of Versum Materials in a research note on Wednesday, August 2nd. Loop Capital assumed coverage on shares of Versum Materials in a research note on Thursday, September 28th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on shares of Versum Materials in a research note on Wednesday, September 20th. They issued a “hold” rating and a $42.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.90.

In other news, Director Thomas Riordan acquired 2,550 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the completion of the transaction, the director now owns 5,511 shares in the company, valued at approximately $214,377.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Financial Partners Inc. purchased a new stake in Versum Materials during the 2nd quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Versum Materials by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock valued at $129,000 after buying an additional 428 shares during the period. MV Capital Management Inc. grew its stake in shares of Versum Materials by 20.5% in the 2nd quarter. MV Capital Management Inc. now owns 4,379 shares of the basic materials company’s stock valued at $142,000 after buying an additional 746 shares during the period. Creative Planning grew its stake in shares of Versum Materials by 17.0% in the 2nd quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock valued at $149,000 after buying an additional 666 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in shares of Versum Materials by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock valued at $189,000 after buying an additional 2,326 shares during the period. 90.65% of the stock is owned by institutional investors.

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Versum Materials (NYSE VSM) traded up $0.21 during trading on Tuesday, hitting $38.87. 428,000 shares of the stock traded hands, compared to its average volume of 496,881. The company has a quick ratio of 2.88, a current ratio of 3.84 and a debt-to-equity ratio of 39.72. Versum Materials has a 1 year low of $23.44 and a 1 year high of $42.74. The company has a market capitalization of $4,206.04, a P/E ratio of 20.35, a PEG ratio of 1.67 and a beta of 1.62.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, November 10th. Versum Materials’s payout ratio is 11.30%.

About Versum Materials

Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.

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

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