News headlines about Versum Materials (NYSE:VSM) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Versum Materials earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.6097936911894 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Versum Materials Inc. (NYSE:VSM) Expected to Announce Earnings of $0.43 Per Share (americanbankingnews.com)
- Versum Materials and NuMat Technologies to Commercialize Next-Generation Adsorbent Technology for Delivery of Dopant Gases (finance.yahoo.com)
- Versum Materials : Declares Quarterly Cash Dividend (4-traders.com)
- Versum Materials Inc. (NYSE:VSM) Announces Quarterly Dividend of $0.05 (americanbankingnews.com)
- Versum Materials Declares Quarterly Cash Dividend (finance.yahoo.com)
A number of research firms recently commented on VSM. Needham & Company LLC began coverage on Versum Materials in a report on Monday, July 10th. They set a “buy” rating and a $38.00 target price for the company. Credit Suisse Group set a $35.00 target price on Versum Materials and gave the stock a “buy” rating in a report on Wednesday, June 14th. Aegis raised Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, June 23rd. Finally, Zacks Investment Research raised Versum Materials from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, July 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.80.
Shares of Versum Materials (NYSE:VSM) traded down 0.31% on Monday, reaching $35.26. The company had a trading volume of 324,610 shares. Versum Materials has a 52 week low of $21.86 and a 52 week high of $36.46. The firm has a market capitalization of $3.84 billion and a P/E ratio of 20.31. The company’s 50-day moving average price is $33.02 and its 200 day moving average price is $30.80.
Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $270.80 million for the quarter, compared to analyst estimates of $249.95 million. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, analysts expect that Versum Materials will post $1.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%.
Versum Materials Company Profile
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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