Vertiv (VRT) Scheduled to Post Earnings on Wednesday

Vertiv (NYSE:VRT) will post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Vertiv to post earnings of $0.37 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Vertiv to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Vertiv Trading Up 1.4 %

Shares of Vertiv stock opened at $76.05 on Tuesday. The business has a 50 day moving average price of $74.63 and a 200 day moving average price of $56.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The company has a market capitalization of $29.05 billion, a P/E ratio of 64.45, a P/E/G ratio of 1.19 and a beta of 1.59. Vertiv has a 1 year low of $12.20 and a 1 year high of $88.69.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 8.47%.

Insider Buying and Selling

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI upped their price objective on Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Bank of America upped their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Mizuho upped their price objective on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, Citigroup upped their price objective on Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $74.56.

Vertiv Company Profile

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 in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.