Equities Analysts Set Expectations for Verso Co.’s Q1 2018 Earnings (VRS)

Verso Co. (NYSE:VRS) – Equities researchers at BWS Financial lowered their Q1 2018 earnings estimates for Verso in a report issued on Wednesday. BWS Financial analyst H. Khorsand now forecasts that the basic materials company will post earnings per share of $1.18 for the quarter, down from their prior forecast of $1.23. BWS Financial currently has a “Buy” rating and a $20.00 price target on the stock.

Verso (NYSE:VRS) last announced its earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.15). The business had revenue of $621.00 million for the quarter, compared to analyst estimates of $632.65 million. Verso had a negative net margin of 2.35% and a negative return on equity of 6.58%.

Several other analysts also recently weighed in on VRS. Zacks Investment Research upgraded Verso from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. B. Riley restated a “buy” rating and set a $11.25 target price on shares of Verso in a research note on Thursday, November 9th. Finally, ValuEngine upgraded Verso from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Shares of Verso (VRS) opened at $14.54 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 2.15. Verso has a 52 week low of $3.17 and a 52 week high of $18.12.

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Verso by 211.0% during the second quarter. Bank of New York Mellon Corp now owns 165,487 shares of the basic materials company’s stock worth $777,000 after purchasing an additional 112,269 shares during the last quarter. Acadian Asset Management LLC bought a new position in Verso in the fourth quarter worth about $8,377,000. Northern Trust Corp lifted its holdings in Verso by 545.5% in the second quarter. Northern Trust Corp now owns 347,240 shares of the basic materials company’s stock worth $1,628,000 after acquiring an additional 293,450 shares during the last quarter. Skylands Capital LLC bought a new position in Verso in the fourth quarter worth about $8,282,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Verso in the second quarter worth about $275,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Mudrick Capital Management, L. sold 312,746 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $16.63, for a total transaction of $5,200,965.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 1,286,595 shares of company stock worth $21,508,948 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

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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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