Veritiv (NYSE:VRTV – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Monday, May 9th. Analysts expect the company to announce earnings of $3.73 per share for the quarter. Veritiv has set its FY 2022 guidance at $13.500-$16.250 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Veritiv (NYSE:VRTV – Get Rating) last posted its quarterly earnings data on Tuesday, March 1st. The basic materials company reported $3.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $1.01. The firm had revenue of $1.86 billion for the quarter. Veritiv had a net margin of 2.11% and a return on equity of 25.21%. During the same quarter last year, the business posted $1.90 EPS. On average, analysts expect Veritiv to post $15 EPS for the current fiscal year and $15 EPS for the next fiscal year.
VRTV opened at $140.54 on Monday. The business’s fifty day simple moving average is $128.35 and its 200 day simple moving average is $119.55. Veritiv has a 52 week low of $41.03 and a 52 week high of $158.99. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.79. The stock has a market cap of $2.11 billion, a PE ratio of 15.43, a P/E/G ratio of 0.54 and a beta of 2.27.
In other Veritiv news, Director Stephen E. Macadam purchased 1,600 shares of the business’s stock in a transaction on Tuesday, March 22nd. The stock was acquired at an average cost of $126.53 per share, for a total transaction of $202,448.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of VRTV. Millennium Management LLC boosted its holdings in shares of Veritiv by 866.9% during the fourth quarter. Millennium Management LLC now owns 147,335 shares of the basic materials company’s stock worth $18,059,000 after purchasing an additional 132,097 shares during the period. Morgan Stanley boosted its holdings in shares of Veritiv by 187.3% during the second quarter. Morgan Stanley now owns 95,524 shares of the basic materials company’s stock worth $5,866,000 after purchasing an additional 62,270 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Veritiv by 17.6% during the third quarter. Bank of New York Mellon Corp now owns 155,172 shares of the basic materials company’s stock worth $13,897,000 after purchasing an additional 23,180 shares during the period. Norges Bank purchased a new stake in shares of Veritiv during the fourth quarter worth about $2,176,000. Finally, State Street Corp boosted its holdings in shares of Veritiv by 2.7% during the fourth quarter. State Street Corp now owns 487,251 shares of the basic materials company’s stock worth $59,722,000 after purchasing an additional 12,836 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.
Veritiv Company Profile (Get Rating)
Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally. The Packaging segment provides custom and standard packaging solutions.
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