Equities research analysts predict that Veritiv Corp (NYSE:VRTV) will report earnings per share of $0.29 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Veritiv’s earnings. Veritiv posted earnings of $0.58 per share during the same quarter last year, which would indicate a negative year over year growth rate of 50%. The business is scheduled to announce its next earnings report before the market opens on Thursday, February 27th.
On average, analysts expect that Veritiv will report full-year earnings of ($1.75) per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $0.00 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Veritiv.
Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Veritiv from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research raised Veritiv from a “sell” rating to a “hold” rating in a report on Saturday, December 28th.
Veritiv stock traded down $0.29 during trading on Friday, hitting $13.00. 85,091 shares of the company were exchanged, compared to its average volume of 87,315. The business’s 50 day moving average is $16.33 and its 200 day moving average is $16.98. Veritiv has a 52 week low of $12.83 and a 52 week high of $36.70. The company has a market capitalization of $208.17 million, a P/E ratio of -8.67 and a beta of 1.65. The company has a current ratio of 2.00, a quick ratio of 1.32 and a debt-to-equity ratio of 1.38.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Veritiv by 6.4% during the third quarter. State Street Corp now owns 440,657 shares of the basic materials company’s stock valued at $7,967,000 after purchasing an additional 26,625 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Veritiv by 13.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 406,950 shares of the basic materials company’s stock valued at $8,005,000 after acquiring an additional 46,835 shares in the last quarter. Renaissance Technologies LLC grew its stake in Veritiv by 29.8% during the fourth quarter. Renaissance Technologies LLC now owns 210,800 shares of the basic materials company’s stock valued at $4,146,000 after acquiring an additional 48,400 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Veritiv by 28.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 168,682 shares of the basic materials company’s stock valued at $3,318,000 after acquiring an additional 37,403 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Veritiv in the 3rd quarter valued at $2,940,000. Institutional investors and hedge funds own 96.33% of the company’s stock.
Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard, custom, and comprehensive packaging solutions.
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