Brokerages Anticipate Verso Co. (VRS) to Announce $0.75 Earnings Per Share

Shares of Verso Co. (NYSE:VRS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $20.00 for the company and are predicting that the company will post $0.75 earnings per share for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 59 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have issued reports on VRS shares. BWS Financial raised shares of Verso 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. Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Tuesday, October 24th. B. Riley set a $20.00 price objective on shares of Verso and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd.

Shares of Verso (NYSE:VRS) traded up $0.51 during mid-day trading on Monday, reaching $15.62. 293,373 shares of the company’s stock were exchanged, compared to its average volume of 511,592. Verso has a twelve month low of $3.17 and a twelve month high of $18.12. The company has a quick ratio of 0.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.35. The company has a market cap of $515.04 and a P/E ratio of -9.22.

Verso (NYSE:VRS) last issued its quarterly earnings data on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.15). Verso had a negative return on equity of 6.58% and a negative net margin of 2.35%. The firm had revenue of $621.00 million during the quarter, compared to the consensus estimate of $632.65 million. research analysts predict that Verso will post -1.17 earnings per share for the current fiscal year.

In other Verso news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $16.43, for a total value of $821,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,286,595 shares of company stock valued at $21,508,948 over the last ninety days. 4.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRS. Voya Investment Management LLC purchased a new position in Verso in the second quarter valued at about $104,000. Wells Fargo & Company MN purchased a new position in Verso in the third quarter valued at about $130,000. Rhumbline Advisers purchased a new position in Verso in the second quarter valued at about $166,000. Schwab Charles Investment Management Inc. purchased a new position in Verso in the second quarter valued at about $275,000. Finally, California State Teachers Retirement System purchased a new position in Verso in the second quarter valued at about $280,000. Hedge funds and other institutional investors own 57.34% of the company’s stock.

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About Verso

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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