Verso Corp (NYSE:VRS) – Equities research analysts at B. Riley upped their Q3 2018 EPS estimates for Verso in a research report issued on Tuesday, September 25th. B. Riley analyst J. Van. Sinderen now expects that the basic materials company will post earnings per share of $1.47 for the quarter, up from their previous forecast of $0.75. B. Riley currently has a “Buy” rating and a $45.00 price target on the stock. B. Riley also issued estimates for Verso’s Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $2.97 EPS and FY2019 earnings at $4.68 EPS.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Verso from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Saturday, June 30th. BWS Financial upped their price objective on Verso from $32.00 to $40.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 8th.
Shares of VRS stock opened at $31.92 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.78 and a debt-to-equity ratio of 0.19. Verso has a twelve month low of $4.90 and a twelve month high of $32.46. The firm has a market cap of $1.03 billion, a P/E ratio of -42.56 and a beta of 1.82.
Verso (NYSE:VRS) last announced its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Verso had a return on equity of 8.36% and a net margin of 1.53%. The business had revenue of $644.00 million during the quarter, compared to the consensus estimate of $632.42 million.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Verso by 16.6% during the 2nd quarter. BlackRock Inc. now owns 2,383,493 shares of the basic materials company’s stock worth $51,866,000 after buying an additional 339,301 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Verso by 29.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,008,102 shares of the basic materials company’s stock valued at $43,696,000 after purchasing an additional 456,067 shares during the last quarter. Millennium Management LLC raised its position in Verso by 138.4% in the first quarter. Millennium Management LLC now owns 1,667,880 shares of the basic materials company’s stock valued at $28,087,000 after purchasing an additional 968,278 shares during the last quarter. JPMorgan Chase & Co. raised its position in Verso by 146.4% in the first quarter. JPMorgan Chase & Co. now owns 1,319,427 shares of the basic materials company’s stock valued at $22,218,000 after purchasing an additional 784,039 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Verso in the second quarter valued at about $28,408,000. Institutional investors and hedge funds own 86.21% of the company’s stock.
Verso Company Profile
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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