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Last $59.31 USD
Change Today +0.81 / 1.38%
Volume 105.2K
MTSC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

mts systems corp (MTSC) Snapshot

Open
$58.73
Previous Close
$58.50
Day High
$60.27
Day Low
$57.41
52 Week High
03/24/15 - $77.39
52 Week Low
08/26/15 - $56.69
Market Cap
885.9M
Average Volume 10 Days
84.1K
EPS TTM
$3.10
Shares Outstanding
14.9M
EX-Date
09/10/15
P/E TM
19.1x
Dividend
$1.20
Dividend Yield
2.02%
Current Stock Chart for MTS SYSTEMS CORP (MTSC)

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mts systems corp (MTSC) Details

MTS Systems Corporation supplies test systems and position sensors in the Americas, Europe, and Asia. The company’s Test segment provides testing solutions, including road simulators for durability simulation; tire performance and rolling resistance measurement systems; moving road-plane systems and balances for aerodynamics measurements in wind tunnels; systems for the physical characterization of materials, such as ceramics, composites, and steel; and systems to test durability and performance of implants, prostheses, and other medical and dental materials and devices. This segment also offers products, systems, and software to perform static and fatigue testing of aircraft and space vehicles; systems for structural engineering, including high force static and dynamic testing; and seismic simulation tables to test the designs of structures and establish building codes. In addition, it provides installation, calibration, maintenance, training, and consulting services, as well as various accessories and spare parts. This segment serves automobile, truck, motorcycle, motorsports vehicle, construction equipment, agricultural equipment, rail, and off-road vehicle manufacturers and their suppliers, as well as power generation, aerospace, bio-medical, wind energy, structural engineering, oil and gas, and other industries. The company’s Sensors segment manufactures products utilizing magnetostriction technology for manufacturers of plastic injection molding machines, steel mills, fluid power, oil and gas, medical, wood product processing equipment, mobile equipment, and energy industries. It also offers products to measure fluid displacement for customers in the process industries. The company sells its products through direct sales organization, and independent representatives and distributors, as well as through catalogs. MTS Systems Corporation was founded in 1966 and is headquartered in Eden Prairie, Minnesota.

2,180 Employees
Last Reported Date: 11/26/14
Founded in 1966

mts systems corp (MTSC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $631.9K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $342.3K
Senior Vice President of MTS Test
Total Annual Compensation: $306.6K
Compensation as of Fiscal Year 2014.

mts systems corp (MTSC) Key Developments

MTS Systems Corporation Announces the Release of the New MTS SilentFlo 515 Hydraulic Power Unit

MTS Systems Corporation announced the release of the new MTS SilentFlo 515 Hydraulic Power Unit (HPU). This new model builds upon a long HPU technology, and offers even greater energy efficiency and reduced total cost of ownership. In addition, the new SilentFlo 515 model is up to 8% more energy efficient than its predecessors, while maintaining a compact footprint and easy access for operation and maintenance. The new power unit offers smart monitoring capabilities, as well as new power modules, manifolds, and cooling options. MTS also provides a seamless integration path through compatibility with previous MTS SilentFlo HPU models. This effortless integration enables customers to begin to see the value immediately, and for years to come.

MTS Systems Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 27, 2015; Reaffirms Earnings Guidance for the Fiscal Year 2015

MTS Systems Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended June 27, 2015. For the quarter, the company reported revenues of USD 133.912 million compared to USD 145.471 million a year ago. Income from operations was USD 15.427 million compared to USD 17.398 million a year ago. Income before income taxes was USD 15.146 million compared to USD 17.193 million a year ago. Net income was USD 10.783 million compared to USD 14.144 million a year ago. Diluted earnings per share was USD 0.72 compared to USD 0.92 a year ago. Earnings per share decreased, this was largely driven by the favorable tax benefit and lower EBIT in Test. Operating cash flow strong was at USD 36 million. The company spent USD 4 million on capital expenditures. For the nine months, the company reported revenues of USD 420.451 million compared to USD 421.224 million a year ago. Income from operations was USD 48.993 million compared to USD 43.899 million a year ago. Income before income taxes was USD 46.906 million compared to USD 42.826 million a year ago. Net income was USD 36.275 million compared to USD 31.068 million a year ago. Diluted earnings per share was USD 2.39 compared to USD 2.01 a year ago. The company reaffirmed fiscal 2015 annual guidance for revenue of USD 565 million to USD 580 million and earnings per share of USD 3.00 to USD 3.20, but expects to be at the low end of these ranges driven by continuing high custom project mix in Test business unit. The company continuing to enhance product capabilities, improve business processes and drive productivity improvements in Test, as well as new product development in Sensors, to drive the business forward for the remainder of 2015 and into fiscal 2016. In future quarters, the company expects the tax rate to remain in the low 30% range.

MTS Systems Corporation and China Automotive Technology & Research Center Strengthens Long-Term Relationship with CATARC's Opening of New Test Facility in China

MTS Systems Corporation and CATARC (China's Automotive Technology & Research Center) have strengthened their long-term relationship with CATARC's opening of a new test facility in China. Drawing on MTS technology and CATARC's knowledge and experience of China's automotive industry, the CATARC-MTS Vehicle Test Technology & Innovation Platform upgrades CATARC's core test capabilities, allowing the automotive manufacturers it works with to bring to market next-generation vehicles that have improved reliability, safety and fuel efficiency. Among the advanced technologies that MTS has supplied are multi-axial simulation tables, multi-axial spindle-coupled road simulators and mHIL™ (mechanical hardware-in-the-loop) hybrid simulation systems. CATARC is also making use of MTS rolling resistance test technologies and the company's material testing systems. The new CATARC capabilities can address issues such as vehicle aerodynamics, durability and performance, and advanced testing simulation. Establishing these capabilities also allows MTS and CATARC to work together on developing and implementing new automotive testing technologies and techniques. The formal opening of the facility represents the expansion of a relationship that began more than thirty years ago. Recently, this relationship has included successful MTS Automotive Test Seminars held at CATARC's headquarters in Tianjin, northern China. These events, which focused on the progression of ground vehicle testing, attracted hundreds of representatives from a large number of vehicle manufacturers and tier one suppliers, as well as academic and research institutions.

 

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Industry Analysis

MTSC

Industry Average

Valuation MTSC Industry Range
Price/Earnings 18.8x
Price/Sales 1.5x
Price/Book 3.4x
Price/Cash Flow 18.5x
TEV/Sales 1.4x
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