Versum Materials (VSM) Set to Announce Earnings on Tuesday

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Versum Materials (NYSE:VSM) will be releasing its earnings data after the market closes on Tuesday, November 6th. Analysts expect Versum Materials to post earnings of $0.57 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $350.00 million during the quarter, compared to the consensus estimate of $344.20 million. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. On average, analysts expect Versum Materials to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE VSM opened at $30.44 on Tuesday. The company has a debt-to-equity ratio of 6.20, a current ratio of 4.43 and a quick ratio of 3.39. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 0.93 and a beta of 0.63. Versum Materials has a fifty-two week low of $28.96 and a fifty-two week high of $42.74.

In other news, Director Susan C. Schnabel acquired 2,500 shares of Versum Materials stock in a transaction dated Monday, August 13th. The stock was purchased at an average cost of $37.49 per share, for a total transaction of $93,725.00. Following the completion of the purchase, the director now directly owns 16,859 shares in the company, valued at approximately $632,043.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.

VSM has been the subject of several recent analyst reports. Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Credit Suisse Group raised their price target on Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. KeyCorp raised their price target on Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Finally, ValuEngine downgraded Versum Materials from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.14.

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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Earnings History for Versum Materials (NYSE:VSM)

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