Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, December 2, 2016

Article Excerpt

MTS SYSTEMS INC., $53.75, Nasdaq symbol MTSC, makes equipment and software that manufacturers use to test the behaviour of materials, machines and structures. This helps them reduce production costs and errors. MTS also makes sensors for industrial equipment. The stock fell 2% this week after the company announced that it is investigating the conduct of certain executives at its operations in China. Specifically, those individuals may have collaborated with one of MTS’s competitors. As a result of this investigation, the company has delayed the filing of its annual report for the fiscal year ended September 30, 2016. MTS has, however, reported preliminary results for fiscal 2016. It expects revenue for the year to total $645 million to $650 million. That’s better than its earlier forecast of $630 million to $640 million. It also expects earnings per share of $1.65 to $1.70 a share. The earnings exclude costs related to the company’s recent acquisition of PCB Group Inc. This private firm makes sensors and instruments…