MTS Systems Co. (NASDAQ:MTSC) Announces Quarterly Dividend of $0.30

Share on StockTwits

MTS Systems Co. (NASDAQ:MTSC) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Investors of record on Monday, September 16th will be given a dividend of 0.30 per share by the scientific and technical instruments company on Monday, September 30th. This represents a $1.20 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, September 13th.

MTS Systems has increased its dividend payment by an average of 7.7% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. MTS Systems has a dividend payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Analysts expect MTS Systems to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.7%.

Shares of NASDAQ:MTSC opened at $58.36 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.89 and a quick ratio of 1.22. MTS Systems has a 12 month low of $38.42 and a 12 month high of $63.31. The firm has a market capitalization of $1.07 billion, a PE ratio of 17.79, a P/E/G ratio of 2.50 and a beta of 1.33. The business has a 50-day moving average of $57.65 and a two-hundred day moving average of $55.42.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, August 5th. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. MTS Systems had a return on equity of 10.77% and a net margin of 5.66%. The firm had revenue of $232.20 million during the quarter, compared to the consensus estimate of $211.96 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. MTS Systems’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts anticipate that MTS Systems will post 2.4 earnings per share for the current year.

MTSC has been the topic of a number of research analyst reports. Wells Fargo & Co set a $57.00 target price on MTS Systems and gave the stock a “market perform” rating in a report on Monday, May 20th. BidaskClub raised MTS Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, ValuEngine cut MTS Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. MTS Systems presently has an average rating of “Buy” and an average price target of $58.00.

In related news, insider Jeffrey A. Graves purchased 1,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of $54.35 per share, for a total transaction of $54,350.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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, 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.

See Also: Understanding Average Daily Trade Volume

Dividend History for MTS Systems (NASDAQ:MTSC)

Receive News & Ratings for MTS Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems and related companies with's FREE daily email newsletter.