Vertiv (NYSE:VRT – Get Free Report) announced its earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06, Briefing.com reports. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.24 earnings per share. Vertiv’s revenue was up 7.8% compared to the same quarter last year.
Vertiv Stock Performance
VRT opened at $93.49 on Friday. The stock has a market cap of $35.71 billion, a P/E ratio of 89.89, a P/E/G ratio of 1.44 and a beta of 1.59. 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 firm has a fifty day moving average price of $76.51 and a 200 day moving average price of $57.47. Vertiv has a 1 year low of $13.73 and a 1 year high of $95.32.
Vertiv Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s payout ratio is 9.62%.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on Vertiv
Insider Buying and Selling at Vertiv
In other news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, 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 available at this hyperlink. In other news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is owned by corporate insiders.
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.
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