Zacks: Analysts Expect Veritiv (VRTV) to Announce $0.63 EPS

Analysts predict that Veritiv (NYSE:VRTV) will announce earnings per share of $0.63 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Veritiv’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at ($0.13). Veritiv reported earnings per share of $0.88 in the same quarter last year, which suggests a negative year over year growth rate of 28.4%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Veritiv will report full year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.88. For the next fiscal year, analysts forecast that the business will report earnings of $4.26 per share, with EPS estimates ranging from $3.95 to $4.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Veritiv.

Veritiv (NYSE:VRTV) last issued its quarterly earnings data on Tuesday, May 8th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Veritiv had a positive return on equity of 8.92% and a negative net margin of 0.32%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share.



A number of analysts recently issued reports on the company. Bank of America downgraded Veritiv from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Monday, April 2nd. ValuEngine downgraded Veritiv from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Wells Fargo raised their price objective on Veritiv from $30.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, April 2nd. They noted that the move was a valuation call. SunTrust Banks downgraded Veritiv from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised Veritiv from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Saturday, February 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. Veritiv presently has a consensus rating of “Hold” and a consensus target price of $34.40.

A number of institutional investors have recently made changes to their positions in VRTV. Vaughan Nelson Investment Management L.P. purchased a new position in Veritiv during the 1st quarter valued at about $13,010,000. Donald Smith & CO. Inc. boosted its holdings in Veritiv by 354.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 261,004 shares of the basic materials company’s stock valued at $7,543,000 after acquiring an additional 203,623 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Veritiv by 15.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 871,757 shares of the basic materials company’s stock valued at $34,173,000 after acquiring an additional 114,082 shares during the period. BlackRock Inc. boosted its holdings in Veritiv by 5.3% during the 4th quarter. BlackRock Inc. now owns 1,508,307 shares of the basic materials company’s stock valued at $43,589,000 after acquiring an additional 75,264 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Veritiv by 39.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 162,930 shares of the basic materials company’s stock valued at $4,709,000 after acquiring an additional 46,359 shares during the period. Institutional investors own 93.27% of the company’s stock.

Shares of NYSE:VRTV traded up $0.70 during midday trading on Friday, reaching $32.80. 1,603 shares of the company’s stock were exchanged, compared to its average volume of 99,914. The company has a current ratio of 2.43, a quick ratio of 1.60 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $499.73 million, a price-to-earnings ratio of -38.59, a PEG ratio of 1.41 and a beta of 0.55. Veritiv has a fifty-two week low of $31.05 and a fifty-two week high of $31.55.

Veritiv Company Profile

Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard and custom packaging solutions.

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Earnings History and Estimates for Veritiv (NYSE:VRTV)

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