Verso Co. Expected to Earn Q3 2018 Earnings of $1.17 Per Share (VRS)

Verso Co. (NYSE:VRS) – Investment analysts at BWS Financial lowered their Q3 2018 earnings per share estimates for shares of Verso in a research report issued on Thursday. BWS Financial analyst H. Khorsand now expects that the basic materials company will earn $1.17 per share for the quarter, down from their previous estimate of $1.21. BWS Financial has a “Buy” rating and a $20.00 price target on the stock. BWS Financial also issued estimates for Verso’s Q4 2018 earnings at $0.81 EPS.

Verso (NYSE:VRS) last announced its quarterly earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.15). Verso had a negative return on equity of 6.58% and a negative net margin of 2.35%.

Several other research firms have also recently commented on VRS. ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Verso from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Sunday. Finally, B. Riley boosted their price objective on shares of Verso from $11.25 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th.

Shares of Verso (VRS) opened at $17.04 on Monday. The company has a market cap of $580.83 and a price-to-earnings ratio of -10.14. Verso has a 52-week low of $3.17 and a 52-week high of $18.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80.

Hedge funds have recently modified their holdings of the business. Voya Investment Management LLC acquired a new stake in Verso in the 2nd quarter valued at $104,000. Wells Fargo & Company MN acquired a new stake in Verso in the 3rd quarter valued at $130,000. Rhumbline Advisers acquired a new stake in Verso in the 2nd quarter valued at $166,000. Schwab Charles Investment Management Inc. acquired a new stake in Verso in the 2nd quarter valued at $275,000. Finally, California State Teachers Retirement System acquired a new stake in Verso in the 2nd quarter valued at $280,000. Hedge funds and other institutional investors own 53.22% of the company’s stock.

In other Verso news, major shareholder Mudrick Capital Management, L. sold 798,849 shares of Verso stock in a transaction on Friday, January 5th. The shares were sold at an average price of $16.74, for a total value of $13,372,732.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 1,286,595 shares of company stock worth $21,508,948 over the last ninety days. 4.20% of the stock is currently owned by insiders.

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Verso 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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