Vertiv Holdings Co (NYSE:VRT) Expected to Post Quarterly Sales of $1.34 Billion

Equities analysts forecast that Vertiv Holdings Co (NYSE:VRTGet Rating) will post sales of $1.34 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Vertiv’s earnings, with the lowest sales estimate coming in at $1.34 billion and the highest estimate coming in at $1.36 billion. Vertiv posted sales of $1.26 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Vertiv will report full-year sales of $5.62 billion for the current year, with estimates ranging from $5.54 billion to $5.69 billion. For the next financial year, analysts forecast that the business will report sales of $6.03 billion, with estimates ranging from $5.86 billion to $6.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Vertiv.

Vertiv (NYSE:VRTGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Vertiv had a return on equity of 15.67% and a net margin of 1.91%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year.

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Vertiv from $31.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Cowen downgraded Vertiv from an “outperform” rating to a “market perform” rating and set a $11.50 price objective for the company. in a report on Thursday, February 24th. Zacks Investment Research upgraded Vertiv from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Mizuho lowered their price target on Vertiv from $27.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, February 24th. Finally, TheStreet downgraded Vertiv from a “c-” rating to a “d” rating in a report on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.65.

VRT stock opened at $10.84 on Thursday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 1,084.00, a PEG ratio of 0.88 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 2.03. The business has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $18.76. Vertiv has a 52 week low of $9.59 and a 52 week high of $28.80.

In other news, CEO Robert Joseph Johnson sold 100,000 shares of the stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $12.77, for a total transaction of $1,277,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick R. Johnson purchased 10,000 shares of Vertiv stock in a transaction dated Thursday, March 3rd. The shares were bought at an average cost of $11.50 per share, for a total transaction of $115,000.00. The disclosure for this purchase can be found here. Insiders have bought 38,000 shares of company stock valued at $475,960 over the last 90 days. Insiders own 5.06% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Joseph Group Capital Management bought a new position in Vertiv in the fourth quarter worth about $477,000. Deutsche Bank AG raised its holdings in shares of Vertiv by 0.7% during the third quarter. Deutsche Bank AG now owns 63,281 shares of the company’s stock valued at $1,525,000 after buying an additional 449 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Vertiv by 6.4% during the fourth quarter. First Republic Investment Management Inc. now owns 11,396 shares of the company’s stock valued at $285,000 after buying an additional 690 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Vertiv by 7.0% during the third quarter. Cetera Investment Advisers now owns 13,131 shares of the company’s stock valued at $316,000 after buying an additional 860 shares during the last quarter. Finally, Garrison Asset Management LLC raised its holdings in shares of Vertiv by 2.7% during the fourth quarter. Garrison Asset Management LLC now owns 36,782 shares of the company’s stock valued at $918,000 after buying an additional 967 shares during the last quarter. 87.39% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Company Profile (Get Rating)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

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