Analysts forecast that Veritiv Corp (NYSE:VRTV) will announce $2.15 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Veritiv’s earnings, with the lowest sales estimate coming in at $2.11 billion and the highest estimate coming in at $2.18 billion. Veritiv reported sales of $2.12 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The firm is expected to issue its next quarterly earnings results on Tuesday, March 13th.
According to Zacks, analysts expect that Veritiv will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $8.25 billion to $8.32 billion. For the next fiscal year, analysts forecast that the firm will report sales of $8.36 billion per share, with estimates ranging from $8.30 billion to $8.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Veritiv.
Veritiv (NYSE:VRTV) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.02. Veritiv had a negative net margin of 0.26% and a positive return on equity of 7.71%.
In related news, Director Charles Ward purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $23.63 per share, for a total transaction of $472,600.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $472,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tracy A. Leinbach purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $23.69 per share, for a total transaction of $118,450.00. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Baupost Group LLC MA raised its stake in Veritiv by 0.3% during the 3rd quarter. Baupost Group LLC MA now owns 3,053,724 shares of the basic materials company’s stock worth $99,246,000 after acquiring an additional 9,339 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Veritiv during the 2nd quarter worth $55,381,000. Dimensional Fund Advisors LP raised its stake in Veritiv by 10.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 696,156 shares of the basic materials company’s stock worth $22,626,000 after acquiring an additional 67,374 shares in the last quarter. Vanguard Group Inc. raised its stake in Veritiv by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 589,334 shares of the basic materials company’s stock worth $26,521,000 after acquiring an additional 6,346 shares in the last quarter. Finally, State Street Corp raised its stake in Veritiv by 15.2% during the 2nd quarter. State Street Corp now owns 248,552 shares of the basic materials company’s stock worth $11,193,000 after acquiring an additional 32,835 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Veritiv (NYSE VRTV) opened at $23.85 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.36 and a quick ratio of 1.51. Veritiv has a 1 year low of $20.35 and a 1 year high of $62.60. The company has a market cap of $400.36, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 0.91 and a beta of 1.02.
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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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