$1.34 Billion in Sales Expected for Vertiv Holdings Co (NYSE:VRT) This Quarter

Brokerages forecast that Vertiv Holdings Co (NYSE:VRT – Get Rating) will report $1.34 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Vertiv’s earnings. The lowest sales estimate is $1.34 billion and the highest is $1.36 billion. Vertiv posted sales of $1.26 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Vertiv will report full year sales of $5.62 billion for the current fiscal year, with estimates ranging from $5.54 billion to $5.69 billion. For the next financial year, analysts anticipate that the company will report sales of $6.03 billion, with estimates ranging from $5.86 billion to $6.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Vertiv.

Vertiv (NYSE:VRT – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Vertiv had a net margin of 1.91% and a return on equity of 15.67%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Vertiv from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Bank of America cut shares of Vertiv from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $15.00 in a research note on Wednesday, February 23rd. TheStreet cut shares of Vertiv from a “c-” rating to a “d” rating in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vertiv from $31.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Finally, JPMorgan Chase & Co. upgraded shares of Vertiv from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $29.00 to $18.00 in a report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.65.

In other news, EVP Patrick R. Johnson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, March 3rd. The stock was acquired at an average price of $11.50 per share, with a total value of $115,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Joseph Johnson sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $12.77, for a total value of $1,277,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 38,000 shares of company stock worth $475,960. Corporate insiders own 5.06% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nomura Holdings Inc. bought a new stake in Vertiv during the first quarter worth approximately $1,813,000. Point72 Hong Kong Ltd bought a new stake in shares of Vertiv in the first quarter valued at approximately $578,000. Polar Capital Holdings Plc boosted its position in shares of Vertiv by 356.4% in the first quarter. Polar Capital Holdings Plc now owns 267,514 shares of the company’s stock valued at $3,745,000 after acquiring an additional 208,900 shares during the period. Quantbot Technologies LP bought a new stake in shares of Vertiv in the first quarter valued at approximately $422,000. Finally, Saya Management LP boosted its position in shares of Vertiv by 73.8% in the first quarter. Saya Management LP now owns 784,474 shares of the company’s stock valued at $10,983,000 after acquiring an additional 333,200 shares during the period. 87.39% of the stock is owned by institutional investors and hedge funds.

Shares of Vertiv stock opened at $10.92 on Thursday. Vertiv has a 1 year low of $9.59 and a 1 year high of $28.80. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.43 and a quick ratio of 1.02. The firm has a fifty day moving average price of $12.54 and a 200 day moving average price of $19.02. The stock has a market cap of $4.11 billion, a PE ratio of 1,092.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.14.

Vertiv Company Profile (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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