Veralto (NYSE:VLTO – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $3.25-3.34 for the period, compared to the consensus EPS estimate of $3.29. Veralto also updated its FY 2024 guidance to 3.250-3.340 EPS.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on VLTO. Robert W. Baird increased their price objective on shares of Veralto from $90.00 to $98.00 and gave the stock a neutral rating in a research report on Thursday. BNP Paribas assumed coverage on shares of Veralto in a report on Tuesday, March 12th. They set an outperform rating and a $103.00 target price for the company. BMO Capital Markets increased their target price on shares of Veralto from $97.00 to $101.00 and gave the stock an outperform rating in a report on Thursday. Royal Bank of Canada increased their target price on shares of Veralto from $78.00 to $91.00 and gave the stock a sector perform rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus increased their target price on shares of Veralto from $92.00 to $97.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $95.18.
Read Our Latest Analysis on Veralto
Veralto Trading Up 1.5 %
Veralto (NYSE:VLTO – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The business’s revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Veralto will post 3.26 earnings per share for the current fiscal year.
Veralto Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, March 27th.
Insider Transactions at Veralto
In other news, insider Mattias Bystrom sold 500 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.10, for a total transaction of $43,050.00. Following the completion of the sale, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.
About Veralto
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.
Further Reading
- Five stocks we like better than Veralto
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Hasbro’s Management Made All the Right Calls This Quarter
- Technology Stocks Explained: Here’s What to Know About Tech
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- 3 Best Fintech Stocks for a Portfolio Boost
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.