Verso Corp (NYSE:VRS) – BWS Financial boosted their Q4 2018 earnings estimates for shares of Verso in a report released on Wednesday, September 26th. BWS Financial analyst H. Khorsand now expects that the basic materials company will earn $2.06 per share for the quarter, up from their prior estimate of $1.83. BWS Financial currently has a “Strong-Buy” rating and a $40.00 target price on the stock.

Other equities analysts have also issued reports about the stock. B. Riley set a $26.00 target price on shares of Verso and gave the stock a “buy” rating in a research note on Monday, July 9th. Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Saturday, June 30th.

Shares of NYSE VRS opened at $32.28 on Thursday. The firm has a market capitalization of $1.07 billion, a P/E ratio of -42.27 and a beta of 1.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.78 and a quick ratio of 0.69. Verso has a 1-year low of $4.98 and a 1-year high of $32.54.

Verso (NYSE:VRS) last announced its earnings results on Tuesday, August 7th. The basic materials company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $644.00 million during the quarter, compared to analyst estimates of $632.42 million. Verso had a net margin of 1.53% and a return on equity of 8.36%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Verso during the 2nd quarter worth about $28,408,000. Millennium Management LLC lifted its position in Verso by 138.4% during the 1st quarter. Millennium Management LLC now owns 1,667,880 shares of the basic materials company’s stock worth $28,087,000 after buying an additional 968,278 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Verso by 146.4% during the 1st quarter. JPMorgan Chase & Co. now owns 1,319,427 shares of the basic materials company’s stock worth $22,218,000 after buying an additional 784,039 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Verso by 63.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,552,035 shares of the basic materials company’s stock worth $26,136,000 after buying an additional 601,943 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Verso by 22.2% during the 1st quarter. BlackRock Inc. now owns 2,044,192 shares of the basic materials company’s stock worth $34,424,000 after buying an additional 371,066 shares in the last quarter. 86.21% of the stock is owned by hedge funds and other institutional investors.

About Verso

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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