Veritiv Corporation (VRTV) Scheduled to Post Quarterly Earnings on Tuesday
Veritiv Corporation (NYSE:VRTV) will issue its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $1.11 per share for the quarter.
Veritiv Corporation (NYSE:VRTV) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.32. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.02 billion. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect Veritiv Corporation to post $1.48 EPS for the current fiscal year and $3.23 EPS for the next fiscal year.
Veritiv Corporation (NYSE VRTV) opened at 31.70 on Tuesday. The stock’s 50 day moving average price is $32.00 and its 200 day moving average price is $37.81. Veritiv Corporation has a 12-month low of $26.85 and a 12-month high of $62.60. The company’s market capitalization is $497.69 million.
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In other news, Chairman Mary A. Laschinger acquired 3,300 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $30.22 per share, with a total value of $99,726.00. Following the completion of the acquisition, the chairman now owns 63,993 shares in the company, valued at approximately $1,933,868.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.
A number of research analysts have commented on VRTV shares. Zacks Investment Research cut shares of Veritiv Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. BidaskClub upgraded shares of Veritiv Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Bank of America Corporation cut shares of Veritiv Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $36.00 in a research note on Thursday, August 3rd. William Blair cut shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. Finally, TheStreet cut shares of Veritiv Corporation from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Veritiv Corporation presently has an average rating of “Hold” and a consensus target price of $39.20.
About Veritiv Corporation
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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