Zacks: Brokerages Anticipate Vertiv Holdings Co (NYSE:VRT) to Post $0.11 Earnings Per Share

Wall Street brokerages expect Vertiv Holdings Co (NYSE:VRTGet Rating) to report earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Vertiv’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.12. Vertiv posted earnings of $0.31 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 64.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Vertiv will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.75. For the next financial year, analysts forecast that the company will report earnings of $1.06 per share, with EPS estimates ranging from $0.98 to $1.13. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Vertiv.

Vertiv (NYSE:VRTGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Vertiv had a return on equity of 15.67% and a net margin of 1.91%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS.

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Vertiv from $31.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, February 24th. The Goldman Sachs Group dropped their target price on Vertiv from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, March 22nd. Cowen downgraded shares of Vertiv from an “outperform” rating to a “market perform” rating and set a $11.50 price target on the stock. in a research note on Thursday, February 24th. Mizuho decreased their price objective on shares of Vertiv from $27.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 24th. Finally, TheStreet lowered Vertiv from a “c-” rating to a “d” rating in a research report on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.65.

In related news, CEO Robert Joseph Johnson sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $12.77, for a total transaction of $1,277,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Joseph Fallon bought 13,000 shares of the company’s stock in a transaction on Friday, March 18th. The stock was bought at an average cost of $13.47 per share, for a total transaction of $175,110.00. The disclosure for this purchase can be found here. Insiders bought a total of 38,000 shares of company stock valued at $475,960 over the last quarter. Company insiders own 5.06% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VRT. Standard Family Office LLC acquired a new position in Vertiv during the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. boosted its position in shares of Vertiv by 648.5% during the first quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock worth $35,000 after buying an additional 2,166 shares during the period. NEXT Financial Group Inc grew its holdings in Vertiv by 235.1% in the 4th quarter. NEXT Financial Group Inc now owns 1,793 shares of the company’s stock worth $44,000 after buying an additional 1,258 shares in the last quarter. Captrust Financial Advisors increased its position in Vertiv by 148.2% in the 3rd quarter. Captrust Financial Advisors now owns 2,090 shares of the company’s stock valued at $50,000 after acquiring an additional 1,248 shares during the period. Finally, Missouri Trust & Investment Co bought a new stake in Vertiv during the 4th quarter valued at $50,000. 87.39% of the stock is currently owned by institutional investors and hedge funds.

VRT traded up $0.52 during trading on Tuesday, hitting $11.31. 51,041 shares of the company’s stock were exchanged, compared to its average volume of 3,914,696. Vertiv has a 1 year low of $9.59 and a 1 year high of $28.80. The stock has a 50 day moving average price of $12.54 and a 200 day moving average price of $19.13. The firm has a market cap of $4.26 billion, a P/E ratio of 1,131.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.14. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.

About Vertiv (Get Rating)

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. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

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