MTS Systems Co. (NASDAQ:MTSC) – Equities research analysts at B. Riley lifted their Q4 2018 earnings per share (EPS) estimates for MTS Systems in a note issued to investors on Wednesday. B. Riley analyst L. Burke now forecasts that the scientific and technical instruments company will post earnings per share of $0.85 for the quarter, up from their previous forecast of $0.75. B. Riley has a “Buy” rating and a $70.00 price target on the stock. B. Riley also issued estimates for MTS Systems’ FY2019 earnings at $3.11 EPS.

MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $194.20 million during the quarter, compared to analyst estimates of $196.23 million. MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded MTS Systems from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday. BidaskClub cut MTS Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. MTS Systems currently has an average rating of “Hold” and an average price target of $61.67.

MTS Systems (NASDAQ:MTSC) traded up $0.75 during trading on Thursday, reaching $46.95. The company’s stock had a trading volume of 75,656 shares, compared to its average volume of 73,468. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $821.44, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.95 and a beta of 1.12. MTS Systems has a one year low of $44.65 and a one year high of $57.50.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new position in MTS Systems during the 3rd quarter worth $201,000. Wedbush Securities Inc. acquired a new stake in shares of MTS Systems in the 3rd quarter valued at $214,000. Virtu KCG Holdings LLC acquired a new stake in shares of MTS Systems in the 2nd quarter valued at $220,000. Virginia Retirement Systems ET AL acquired a new stake in shares of MTS Systems during the 3rd quarter valued at $267,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of MTS Systems during the 4th quarter valued at $312,000. Institutional investors own 97.85% of the company’s stock.

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About MTS Systems

MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.

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