Versum Materials Inc (VSM) Expected to Post Quarterly Sales of $305.50 Million

Wall Street analysts expect that Versum Materials Inc (NYSE:VSM) will report $305.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Versum Materials’ earnings, with estimates ranging from $303.30 million to $307.60 million. Versum Materials reported sales of $270.80 million during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The company is scheduled to report its next earnings results on Tuesday, May 1st.

On average, analysts expect that Versum Materials will report full-year sales of $305.50 million for the current year, with estimates ranging from $1.26 billion to $1.29 billion. For the next financial year, analysts expect that the business will report sales of $1.36 billion per share, with estimates ranging from $1.35 billion to $1.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Versum Materials.

Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $330.80 million for the quarter, compared to analyst estimates of $295.68 million. Versum Materials had a return on equity of 6,666.66% and a net margin of 13.55%. The business’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share.

A number of analysts recently issued reports on the company. Zacks Investment Research reiterated a “sell” rating and set a $39.00 price objective on shares of Versum Materials in a research note on Saturday, February 10th. TheStreet upgraded Versum Materials from a “d+” rating to a “c-” rating in a research note on Tuesday, February 6th. Credit Suisse Group decreased their price objective on Versum Materials from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Stifel Nicolaus upgraded Versum Materials from a “hold” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $46.00 in a research note on Tuesday, February 6th. Finally, Loop Capital lowered Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 price objective on the stock. in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Versum Materials currently has an average rating of “Hold” and an average target price of $37.25.

Shares of Versum Materials (VSM) opened at $38.16 on Friday. The company has a debt-to-equity ratio of 16.37, a quick ratio of 3.08 and a current ratio of 4.13. Versum Materials has a one year low of $28.70 and a one year high of $42.74. The stock has a market capitalization of $4,253.90, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.58 and a beta of 0.22.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. Versum Materials’s payout ratio is 13.61%.

In related news, Director Susan C. Schnabel acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $34.64 per share, for a total transaction of $86,600.00. Following the purchase, the director now owns 14,335 shares in the company, valued at approximately $496,564.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

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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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