Vertiv (VRT) Scheduled to Post Quarterly Earnings on Wednesday

Vertiv (NYSE:VRT) will be announcing its earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts expect Vertiv to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Vertiv Stock Down 0.2 %

Shares of NYSE:VRT opened at $112.06 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv has a 12 month low of $34.60 and a 12 month high of $116.19. The company has a 50-day moving average price of $91.09 and a 200 day moving average price of $89.51. The company has a market cap of $41.95 billion, a price-to-earnings ratio of 107.75, a PEG ratio of 1.42 and a beta of 1.59.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Bank of America increased their price target on shares of Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Evercore ISI increased their price objective on shares of Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Oppenheimer increased their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. TD Cowen increased their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Mizuho increased their price objective on shares of Vertiv from $92.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $112.44.

About Vertiv

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.