Equities research analysts expect Veritiv Corp (NYSE:VRTV) to post earnings per share (EPS) of $0.78 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Veritiv’s earnings. The lowest EPS estimate is $0.54 and the highest is $1.10. Veritiv posted earnings of $0.26 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The business is expected to report its next quarterly earnings results on Tuesday, March 13th.

On average, analysts expect that Veritiv will report full-year earnings of ($0.94) per share for the current fiscal year, with EPS estimates ranging from ($1.10) to ($0.76). For the next fiscal year, analysts forecast that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $1.25 to $3.18. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Veritiv.

A number of research analysts have recently weighed in on the company. Bank of America upgraded Veritiv from a “neutral” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, November 21st. Zacks Investment Research lowered Veritiv from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub upgraded Veritiv from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Wells Fargo & Co lowered Veritiv from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Finally, ValuEngine lowered Veritiv from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.00.

Veritiv (NYSE:VRTV) traded up $0.05 during mid-day trading on Tuesday, hitting $28.35. The stock had a trading volume of 44,218 shares, compared to its average volume of 72,500. Veritiv has a 52 week low of $20.35 and a 52 week high of $62.60. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $445.10, a price-to-earnings ratio of -20.54, a PEG ratio of 1.20 and a beta of 1.02.

In other news, Director Tracy A. Leinbach bought 5,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $23.69 per share, for a total transaction of $118,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Ward bought 20,000 shares of the stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $23.63 per share, for a total transaction of $472,600.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $472,600. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its stake in shares of Veritiv by 1,246.0% in the third quarter. Public Employees Retirement System of Ohio now owns 11,831 shares of the basic materials company’s stock valued at $385,000 after buying an additional 10,952 shares during the period. California Public Employees Retirement System raised its stake in shares of Veritiv by 34.1% in the third quarter. California Public Employees Retirement System now owns 66,503 shares of the basic materials company’s stock valued at $2,161,000 after buying an additional 16,900 shares during the period. Baupost Group LLC MA raised its stake in shares of Veritiv by 0.3% in the third quarter. Baupost Group LLC MA now owns 3,053,724 shares of the basic materials company’s stock valued at $99,246,000 after buying an additional 9,339 shares during the period. KBC Group NV raised its stake in shares of Veritiv by 70.6% in the third quarter. KBC Group NV now owns 13,699 shares of the basic materials company’s stock valued at $445,000 after buying an additional 5,668 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Veritiv by 10.7% in the third quarter. Dimensional Fund Advisors LP now owns 696,156 shares of the basic materials company’s stock valued at $22,626,000 after buying an additional 67,374 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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Veritiv Company Profile

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.

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