Vertiv (VRT) Set to Announce Earnings on Wednesday

Vertiv (NYSE:VRT) will post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Vertiv to post earnings of $0.37 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Vertiv to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Vertiv Stock Performance

Shares of NYSE VRT opened at $82.31 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The firm’s 50-day moving average price is $73.29 and its two-hundred day moving average price is $55.26. Vertiv has a 52-week low of $11.95 and a 52-week high of $88.69. The stock has a market capitalization of $31.44 billion, a P/E ratio of 69.75, a P/E/G ratio of 1.35 and a beta of 1.59.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio is currently 8.47%.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. Company insiders own 5.62% of the company’s stock.

Institutional Trading of Vertiv

A number of large investors have recently added to or reduced their stakes in the business. Pitcairn Co. boosted its holdings in Vertiv by 1.1% during the fourth quarter. Pitcairn Co. now owns 18,608 shares of the company’s stock worth $894,000 after buying an additional 200 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Vertiv by 11.6% in the 4th quarter. Kestra Advisory Services LLC now owns 6,425 shares of the company’s stock worth $309,000 after purchasing an additional 667 shares during the period. Deutsche Bank AG boosted its stake in Vertiv by 1.9% in the 1st quarter. Deutsche Bank AG now owns 56,592 shares of the company’s stock worth $810,000 after purchasing an additional 1,079 shares during the period. Principal Financial Group Inc. boosted its stake in Vertiv by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 33,025 shares of the company’s stock worth $271,000 after purchasing an additional 1,256 shares during the period. Finally, Cetera Advisor Networks LLC boosted its stake in Vertiv by 13.2% in the 4th quarter. Cetera Advisor Networks LLC now owns 11,094 shares of the company’s stock worth $533,000 after purchasing an additional 1,291 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VRT shares. Mizuho raised their target price on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Evercore ISI raised their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Oppenheimer started coverage on shares of Vertiv in a report on Friday, April 5th. They issued an “outperform” rating and a $96.00 target price on the stock. Citigroup raised their price target on shares of Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Vertiv from $65.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.56.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.