Valassis Communications Director Alan Schultz Sells 101,567 Shares (VCI)
Valassis Communications (NYSE:VCI) Director Alan Schultz unloaded 101,567 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $29.10, for a total transaction of $2,955,599.70. Following the completion of the sale, the director now directly owns 290,318 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at TheStreet upgraded shares of Valassis Communications (NYSE:VCI) to a “buy” rating in a research note to investors on Wednesday, July 24th.
Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Valassis Communications presently has an average rating of “Hold” and an average price target of $31.00.
Shares of Valassis Communications (NYSE:VCI) traded down 0.07% on Wednesday, hitting $29.03. The stock had a trading volume of 307,155 shares. Valassis Communications has a 52-week low of $23.69 and a 52-week high of $31.34. The stock’s 50-day moving average is $28.40 and its 200-day moving average is $27.21. The company has a market cap of $1.097 billion and a price-to-earnings ratio of 9.78.
Valassis Communications (NYSE:VCI) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.07. The company had revenue of $495.90 million for the quarter, compared to the consensus estimate of $507.58 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, analysts predict that Valassis Communications will post $3.08 earnings per share for the current fiscal year.
Valassis Communications, Inc (NYSE:VCI) is a media delivery, providing over 15,000 advertisers and media solutions to influence consumers wherever they plan, shop, buy and share.
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