MTS Systems Corporation (MTSC) First-Quarter Review
By Benzinga Staff
February 08, 2010 11:37 AM
February 08, 2010 11:37 AM
Symbols: MTSC
Analyst Michael A. Hamilton at RBC Wealth Management has released an update on MTS Systems Corporation (NASDAQ: MTSC). The company has reported results for the first-quarter.
MTS Systems Corporation reported a year-over-year decline of 23.7% in revenue for the first-quarter. The company reported EPS of $0.23, ahead of RBC’s estimate by $0.01. The company reported a sequential increase of 12.7% in new orders.
According to RBC, investors should have a time horizon of 12-month for the shares of MTS Systems Corporation as it is difficult to see any near-term catalysts. RBC Wealth Management has a price target of $27 for the company.
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