Equities analysts expect Veritiv Corporation (NYSE:VRTV) to report earnings per share of $1.12 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Veritiv Corporation’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.20. Veritiv Corporation posted earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 229.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that Veritiv Corporation will report full-year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.75 to $1.79. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.14 per share, with EPS estimates ranging from $2.40 to $3.90. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Veritiv Corporation.

Veritiv Corporation (NYSE:VRTV) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.32. Veritiv Corporation had a negative net margin of 0.02% and a positive return on equity of 5.43%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.02 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Veritiv Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub downgraded shares of Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Barclays PLC dropped their target price on shares of Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating on the stock in a research report on Monday. William Blair downgraded shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Wells Fargo & Company raised shares of Veritiv Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 18th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Veritiv Corporation has a consensus rating of “Hold” and an average price target of $45.60.

COPYRIGHT VIOLATION WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/08/07/veritiv-corporation-vrtv-expected-to-post-earnings-of-1-12-per-share.html.

In other Veritiv Corporation news, SVP Thomas S. Lazzaro acquired 5,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $40.90 per share, with a total value of $204,500.00. Following the acquisition, the senior vice president now directly owns 17,505 shares of the company’s stock, valued at $715,954.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in VRTV. Capstone Asset Management Co. increased its stake in Veritiv Corporation by 1.7% in the first quarter. Capstone Asset Management Co. now owns 6,666 shares of the basic materials company’s stock valued at $345,000 after buying an additional 110 shares during the period. BNP Paribas Arbitrage SA increased its stake in Veritiv Corporation by 4.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,951 shares of the basic materials company’s stock valued at $153,000 after buying an additional 122 shares during the period. Arizona State Retirement System increased its stake in Veritiv Corporation by 4.1% in the first quarter. Arizona State Retirement System now owns 5,021 shares of the basic materials company’s stock valued at $260,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. increased its stake in Veritiv Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,295 shares of the basic materials company’s stock valued at $103,000 after buying an additional 344 shares during the period. Finally, Capital One National Association increased its stake in Veritiv Corporation by 6.1% in the second quarter. Capital One National Association now owns 9,665 shares of the basic materials company’s stock valued at $435,000 after buying an additional 556 shares during the period. 88.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Veritiv Corporation (VRTV) traded up 1.79% during midday trading on Monday, reaching $28.50. 272,626 shares of the company traded hands. The company has a 50 day moving average price of $42.41 and a 200 day moving average price of $48.72. The company’s market capitalization is $447.42 million. Veritiv Corporation has a 1-year low of $27.90 and a 1-year high of $62.60.

Veritiv Corporation 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.

Get a free copy of the Zacks research report on Veritiv Corporation (VRTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Veritiv Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritiv Corporation and related companies with MarketBeat.com's FREE daily email newsletter.