Analysts Expect Verso Corp (VRS) to Announce $0.03 Earnings Per Share

Shares of Verso Corp (NYSE:VRS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price objective of $28.00 for the company and are expecting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 164 out of 255 based on the ratings given to its competitors.

A number of analysts have recently issued reports on the company. B. Riley set a $26.00 price objective on Verso and gave the company a “buy” rating in a research report on Thursday, May 10th. Zacks Investment Research upgraded Verso from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. ValuEngine upgraded Verso from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, BWS Financial boosted their price target on Verso to $30.00 and gave the company a “buy” rating in a research note on Friday, March 9th.

VRS opened at $18.92 on Monday. The company has a market cap of $692.87 million, a PE ratio of -26.37 and a beta of 1.39. The company has a current ratio of 1.95, a quick ratio of 0.74 and a debt-to-equity ratio of 0.25. Verso has a 1 year low of $3.58 and a 1 year high of $21.82.

Verso (NYSE:VRS) last released its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.57). The firm had revenue of $639.00 million for the quarter, compared to the consensus estimate of $628.16 million. Verso had a negative net margin of 0.44% and a negative return on equity of 0.74%. research analysts predict that Verso will post 0.98 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Verso by 11.5% in the 1st quarter. Rhumbline Advisers now owns 33,910 shares of the basic materials company’s stock valued at $571,000 after buying an additional 3,510 shares in the last quarter. Teachers Advisors LLC boosted its stake in Verso by 6.2% in the 4th quarter. Teachers Advisors LLC now owns 71,734 shares of the basic materials company’s stock valued at $1,260,000 after buying an additional 4,165 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Verso by 20.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 26,092 shares of the basic materials company’s stock valued at $458,000 after buying an additional 4,493 shares in the last quarter. Northern Trust Corp boosted its stake in Verso by 1.5% in the 1st quarter. Northern Trust Corp now owns 361,529 shares of the basic materials company’s stock valued at $6,088,000 after buying an additional 5,440 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Verso by 188.2% in the 1st quarter. Sei Investments Co. now owns 11,005 shares of the basic materials company’s stock valued at $185,000 after buying an additional 7,186 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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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