Versum Materials Inc (VSM) Expected to Announce Quarterly Sales of $337.45 Million

Brokerages expect that Versum Materials Inc (NYSE:VSM) will post sales of $337.45 million for the current quarter, Zacks reports. Two analysts have made estimates for Versum Materials’ earnings, with estimates ranging from $336.10 million to $338.80 million. Versum Materials reported sales of $340.70 million in the same quarter last year, which would suggest a negative year over year growth rate of 1%. The business is expected to report its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that Versum Materials will report full-year sales of $1.40 billion for the current year, with estimates ranging from $1.39 billion to $1.42 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.47 billion. Zacks Investment Research’s sales averages 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 Monday, February 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The business had revenue of $339.50 million during the quarter, compared to the consensus estimate of $339.69 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis.

VSM has been the topic of a number of recent analyst reports. Loop Capital cut Versum Materials from a “buy” rating to a “hold” rating and decreased their price target for the stock from $56.00 to $53.00 in a research report on Tuesday, April 16th. Zacks Investment Research lowered Versum Materials from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. Goldman Sachs Group raised Versum Materials from a “sell” rating to a “neutral” rating and lifted their price target for the company from $26.00 to $31.00 in a research note on Thursday, January 31st. KeyCorp lifted their price target on Versum Materials from $44.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Finally, Stifel Nicolaus lowered Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $46.00.

Several hedge funds have recently made changes to their positions in VSM. JPMorgan Chase & Co. lifted its position in shares of Versum Materials by 34.4% in the third 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. FMR LLC increased its holdings in shares of Versum Materials by 2.1% in the 3rd quarter. FMR LLC now owns 546,674 shares of the basic materials company’s stock worth $19,686,000 after purchasing an additional 11,097 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Versum Materials by 3.4% in the 3rd quarter. Credit Suisse AG now owns 88,240 shares of the basic materials company’s stock worth $3,177,000 after purchasing an additional 2,942 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Versum Materials by 11.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,217,083 shares of the basic materials company’s stock worth $43,827,000 after acquiring an additional 123,744 shares during the period. Finally, Riverhead Capital Management LLC grew its holdings in shares of Versum Materials by 19.0% in the third quarter. Riverhead Capital Management LLC now owns 11,272 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 1,800 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VSM traded up $0.04 during midday trading on Friday, reaching $52.04. 242,091 shares of the stock were exchanged, compared to its average volume of 2,246,322. Versum Materials has a twelve month low of $25.02 and a twelve month high of $52.10. The company has a debt-to-equity ratio of 3.65, a quick ratio of 3.74 and a current ratio of 4.82. The company has a market capitalization of $5.68 billion, a P/E ratio of 22.14 and a beta of 2.11.

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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