Verso Corporation (VRS) Releases Quarterly Earnings Results
Verso Corporation (NYSE:VRS) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.19), reports. The company had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $632.69 million. Verso Corporation had a net margin of 47.46% and a return on equity of 168.52%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.16) earnings per share.
Verso Corporation (VRS) opened at $7.32 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 2.41. Verso Corporation has a 1 year low of $3.17 and a 1 year high of $8.43.
Several equities analysts recently commented on VRS shares. BWS Financial raised shares of Verso Corporation from a “buy” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, October 18th. ValuEngine lowered shares of Verso Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Verso Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $11.25 price objective on shares of Verso Corporation in a research report on Thursday, November 9th.
An institutional investor recently bought a new position in Verso Corporation stock. California State Teachers Retirement System purchased a new position in shares of Verso Corporation (NYSE:VRS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,700 shares of the basic materials company’s stock, valued at approximately $280,000. California State Teachers Retirement System owned about 0.17% of Verso Corporation at the end of the most recent quarter. Institutional investors and hedge funds own 52.50% 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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