Versum Materials (VSM) Releases Earnings Results, Meets Estimates

Versum Materials (NYSE:VSM) issued its earnings results on Tuesday. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57, MarketWatch Earnings reports. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The company had revenue of $326.20 million for the quarter, compared to analysts’ expectations of $340.56 million. During the same period last year, the business earned $0.59 EPS. Versum Materials’s quarterly revenue was down 4.3% compared to the same quarter last year.

NYSE VSM remained flat at $$52.08 on Thursday. The company had a trading volume of 844,421 shares, compared to its average volume of 1,989,720. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 22.16 and a beta of 2.06. Versum Materials has a twelve month low of $25.02 and a twelve month high of $52.58. The company has a debt-to-equity ratio of 3.65, a current ratio of 4.82 and a quick ratio of 3.74.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Monday, May 13th. Versum Materials’s payout ratio is currently 13.62%.

VSM has been the topic of a number of recent research reports. Jefferies Financial Group cut Versum Materials from a “buy” rating to a “hold” rating and increased their target price for the stock from $44.00 to $47.00 in a report on Monday, March 4th. Zacks Investment Research cut Versum Materials from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Loop Capital upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, January 29th. Seaport Global Securities cut Versum Materials from a “buy” rating to a “neutral” rating in a report on Thursday, February 28th. Finally, Argus cut Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $46.00.

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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 for Versum Materials (NYSE:VSM)

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