Verso Corporation (VRS) Expected to Announce Quarterly Sales of $632.65 Million
Equities analysts predict that Verso Corporation (NYSE:VRS) will post sales of $632.65 million for the current quarter, according to Zacks. Two analysts have made estimates for Verso Corporation’s earnings. The lowest sales estimate is $630.00 million and the highest is $635.30 million. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that Verso Corporation will report full year sales of $632.65 million for the current year, with estimates ranging from $2.45 billion to $2.46 billion. For the next financial year, analysts forecast that the business will post sales of $2.40 billion per share, with estimates ranging from $2.37 billion to $2.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Verso Corporation.
Verso Corporation (NYSE:VRS) last posted its earnings results on Wednesday, August 9th. The basic materials company reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.03) by ($0.39). The business had revenue of $585.00 million for the quarter, compared to analyst estimates of $579.52 million. Verso Corporation had a return on equity of 168.52% and a net margin of 47.46%.
A number of research analysts have weighed in on VRS shares. Zacks Investment Research raised Verso Corporation from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Tuesday, October 24th. B. Riley restated a “buy” rating and set a $11.25 price objective on shares of Verso Corporation in a report on Sunday, August 13th. ValuEngine upgraded Verso Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, BWS Financial upgraded Verso Corporation from a “buy” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Wednesday, October 18th.
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Hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new stake in shares of Verso Corporation during the 2nd quarter worth $104,000. California Public Employees Retirement System acquired a new stake in shares of Verso Corporation during the 1st quarter worth $145,000. BlueCrest Capital Management Ltd acquired a new stake in Verso Corporation in the 1st quarter valued at $147,000. Rhumbline Advisers acquired a new stake in Verso Corporation in the 2nd quarter valued at $166,000. Finally, KCG Holdings Inc. acquired a new stake in Verso Corporation in the 1st quarter valued at $170,000. Institutional investors and hedge funds own 52.48% of the company’s stock.
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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