FY2017 EPS Estimates for Verso Corporation Lifted by Analyst (VRS)
Verso Corporation (NYSE:VRS) – Equities research analysts at BWS Financial increased their FY2017 EPS estimates for shares of Verso Corporation in a research report issued to clients and investors on Wednesday. BWS Financial analyst H. Khorsand now expects that the basic materials company will post earnings of ($0.29) per share for the year, up from their previous estimate of ($0.53). BWS Financial has a “Strong-Buy” rating and a $15.00 price target on the stock. BWS Financial also issued estimates for Verso Corporation’s Q4 2017 earnings at $0.85 EPS, Q1 2018 earnings at ($0.15) EPS, Q2 2018 earnings at ($0.29) EPS, Q3 2018 earnings at $1.28 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $1.72 EPS.
Verso Corporation (NYSE:VRS) last announced its earnings results on Wednesday, August 9th. The basic materials company reported ($1.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.03) by ($0.39). Verso Corporation had a net margin of 47.46% and a return on equity of 168.52%. The firm had revenue of $585.00 million for the quarter, compared to the consensus estimate of $579.52 million. ILLEGAL ACTIVITY NOTICE: This report was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/23/fy2017-eps-estimates-for-verso-corporation-lifted-by-analyst-vrs.html.
Several other equities research analysts have also recently commented on VRS. ValuEngine cut Verso Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Verso Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, B. Riley reissued a “buy” rating and issued a $11.25 target price on shares of Verso Corporation in a research note on Monday, August 7th.
Verso Corporation (NYSE VRS) opened at 6.91 on Monday. Verso Corporation has a 52 week low of $3.17 and a 52 week high of $8.43. The company’s 50-day moving average price is $5.44 and its 200 day moving average price is $5.44. The company has a market cap of $238.08 million, a PE ratio of 3.88 and a beta of 1.28.
Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Verso Corporation by 11.6% during the first quarter. Geode Capital Management LLC now owns 187,526 shares of the basic materials company’s stock worth $1,125,000 after purchasing an additional 19,430 shares during the period. Voya Investment Management LLC bought a new position in Verso Corporation during the second quarter worth about $104,000. California Public Employees Retirement System bought a new position in Verso Corporation during the first quarter worth about $145,000. BlueCrest Capital Management Ltd bought a new position in Verso Corporation during the first quarter worth about $147,000. Finally, KCG Holdings Inc. bought a new position in Verso Corporation during the first quarter worth about $170,000. 53.54% of the stock is owned by institutional investors and hedge funds.
Verso Corporation Company Profile
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
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