Veritiv Corporation (VRTV) to Release Quarterly Earnings on Tuesday
Veritiv Corporation (NYSE:VRTV) will announce its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $1.11 per share for the quarter.
Veritiv Corporation (NYSE:VRTV) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.32. Veritiv Corporation had a negative net margin of 0.02% and a positive return on equity of 5.43%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts expect Veritiv Corporation to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Veritiv Corporation (VRTV) opened at $31.90 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.55 and a debt-to-equity ratio of 1.46. Veritiv Corporation has a fifty-two week low of $26.85 and a fifty-two week high of $62.60. The company has a market cap of $500.83, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22.
A number of analysts have commented on VRTV shares. BidaskClub lowered shares of Veritiv Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Bank of America Corporation lowered shares of Veritiv Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $36.00 in a report on Thursday, August 3rd. SunTrust Banks, Inc. raised shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Thursday, August 3rd. They noted that the move was a valuation call. Barclays PLC lowered their target price on shares of Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating for the company in a report on Monday, August 7th. Finally, Zacks Investment Research raised shares of Veritiv Corporation from a “sell” rating to a “buy” rating and set a $38.00 target price for the company in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Veritiv Corporation presently has an average rating of “Hold” and a consensus target price of $39.20.
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In other news, Chairman Mary A. Laschinger purchased 3,300 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $30.22 per share, with a total value of $99,726.00. Following the acquisition, the chairman now directly owns 63,993 shares of the company’s stock, valued at $1,933,868.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.
About Veritiv Corporation
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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