Equities analysts predict that Veritiv Corp (NYSE:VRTV) will post $0.56 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Veritiv’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.43. Veritiv posted earnings per share of $0.38 in the same quarter last year, which suggests a positive year over year growth rate of 47.4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Veritiv will report full-year earnings of $3.19 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $3.91. For the next year, analysts expect that the company will post earnings of $4.22 per share, with EPS estimates ranging from $3.93 to $4.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Veritiv.
Veritiv (NYSE:VRTV) last released its quarterly earnings results on Thursday, March 1st. The basic materials company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.01). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.15 billion. Veritiv had a negative net margin of 0.16% and a positive return on equity of 9.17%. Veritiv’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share.
Hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of Veritiv during the fourth quarter worth approximately $166,000. BNP Paribas Arbitrage SA lifted its position in shares of Veritiv by 53.4% during the third quarter. BNP Paribas Arbitrage SA now owns 6,782 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 2,362 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Veritiv by 43.4% during the second quarter. Alliancebernstein L.P. now owns 6,934 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 2,100 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Veritiv during the third quarter worth approximately $246,000. Finally, Alps Advisors Inc. acquired a new position in shares of Veritiv during the fourth quarter worth approximately $236,000. Institutional investors own 94.38% of the company’s stock.
Veritiv (NYSE VRTV) opened at $36.85 on Friday. The company has a market cap of $585.30, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.09 and a beta of 1.16. Veritiv has a 12-month low of $20.35 and a 12-month high of $62.60. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.33 and a quick ratio of 1.53.
Veritiv Company Profile
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.
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