News stories about Versum Materials (NYSE:VSM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Versum Materials earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 48.5051356291502 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of brokerages have commented on VSM. KeyCorp upped their price objective on shares of Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Investment Research upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Friday, May 11th. Credit Suisse Group upped their price objective on shares of Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, Argus upgraded shares of Versum Materials from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.14.
NYSE:VSM opened at $37.71 on Friday. The company has a debt-to-equity ratio of 6.20, a quick ratio of 3.39 and a current ratio of 4.43. Versum Materials has a fifty-two week low of $33.06 and a fifty-two week high of $42.74. The firm has a market cap of $4.25 billion, a PE ratio of 19.74, a P/E/G ratio of 1.29 and a beta of 0.52.
Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Versum Materials had a net margin of 14.29% and a return on equity of 264.89%. The business had revenue of $350.00 million for the quarter, compared to analysts’ expectations of $344.20 million. equities research analysts expect that Versum Materials will post 2.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 14th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, August 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. Versum Materials’s dividend payout ratio (DPR) is presently 12.57%.
In related news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of $37.49 per share, with a total value of $93,725.00. Following the purchase, the director now directly owns 16,859 shares in the company, valued at approximately $632,043.91. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.
About Versum Materials
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. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.
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