Wall Street brokerages expect MTS Systems Co. (NASDAQ:MTSC) to post sales of $207.11 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for MTS Systems’ earnings. The lowest sales estimate is $207.01 million and the highest is $207.20 million. MTS Systems posted sales of $193.76 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The firm is expected to issue its next earnings results on Monday, August 6th.

According to Zacks, analysts expect that MTS Systems will report full year sales of $810.83 million for the current financial year, with estimates ranging from $810.25 million to $811.40 million. For the next year, analysts expect that the business will report sales of $853.44 million per share, with estimates ranging from $852.30 million to $854.58 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow MTS Systems.

MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, May 7th. The scientific and technical instruments company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $191.30 million for the quarter, compared to the consensus estimate of $193.92 million. MTS Systems had a net margin of 7.40% and a return on equity of 8.03%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS.

A number of research analysts have commented on MTSC shares. BidaskClub raised MTS Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 3rd. Zacks Investment Research lowered MTS Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. ValuEngine raised MTS Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, B. Riley set a $70.00 target price on MTS Systems and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $62.00.

MTS Systems opened at $52.40 on Friday, according to Marketbeat.com. The company has a market cap of $952.07 million, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.68 and a quick ratio of 1.12. MTS Systems has a one year low of $42.00 and a one year high of $57.50.

In other news, insider Jeffrey A. Graves bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The stock was purchased at an average price of $48.90 per share, with a total value of $97,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey A. Graves bought 4,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was purchased at an average cost of $53.58 per share, with a total value of $214,320.00. The disclosure for this purchase can be found here. Insiders bought a total of 8,000 shares of company stock valued at $418,700 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of MTS Systems by 9.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 11,478 shares of the scientific and technical instruments company’s stock worth $593,000 after acquiring an additional 1,001 shares in the last quarter. Dubuque Bank & Trust Co. grew its stake in shares of MTS Systems by 22.5% in the 1st quarter. Dubuque Bank & Trust Co. now owns 6,003 shares of the scientific and technical instruments company’s stock worth $310,000 after buying an additional 1,103 shares during the last quarter. BRYN MAWR TRUST Co grew its stake in shares of MTS Systems by 1.2% in the 4th quarter. BRYN MAWR TRUST Co now owns 97,791 shares of the scientific and technical instruments company’s stock worth $5,252,000 after buying an additional 1,113 shares during the last quarter. First Trust Advisors LP grew its stake in shares of MTS Systems by 8.8% in the 4th quarter. First Trust Advisors LP now owns 15,000 shares of the scientific and technical instruments company’s stock worth $806,000 after buying an additional 1,212 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. grew its stake in shares of MTS Systems by 7.2% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 20,567 shares of the scientific and technical instruments company’s stock worth $1,062,000 after buying an additional 1,390 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

MTS Systems Company Profile

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems for durability testing; vehicle performance test systems; vehicle dynamics simulators; electrical motors and energy recovery systems; tire performance and rolling resistance measurement systems; and moving ground-plane systems and balances.

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