Vertiv (VRT) Set to Announce Earnings on Wednesday

Vertiv (NYSE:VRT) is scheduled to be releasing its earnings data 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 posted its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. 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

NYSE VRT opened at $82.31 on Wednesday. The stock has a market cap of $31.44 billion, a P/E ratio of 69.75, a PEG ratio of 1.35 and a beta of 1.59. The company’s 50-day simple moving average is $73.29 and its 200 day simple moving average is $55.26. Vertiv has a twelve month low of $11.95 and a twelve month high of $88.69. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45.

Vertiv Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America upped their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Oppenheimer began coverage on shares of Vertiv in a research note on Friday, April 5th. They set an “outperform” rating and a $96.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Mizuho upped their price objective on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, Evercore ISI upped their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $74.56.

Insider Activity

In other news, EVP Stephen Liang sold 306,196 shares of the 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 sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the 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 sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the 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 disclosure for this sale can be found here. 5.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Vertiv

Large investors have recently bought and sold shares of the business. Clear Street Markets LLC acquired a new position in Vertiv in the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. lifted its holdings in Vertiv by 648.5% in the first quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock valued at $35,000 after buying an additional 2,166 shares during the period. Stephens Inc. AR acquired a new position in Vertiv in the second quarter valued at approximately $64,000. Natixis acquired a new position in Vertiv in the fourth quarter valued at approximately $93,000. Finally, Lazard Asset Management LLC acquired a new stake in Vertiv in the second quarter worth $101,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Company Profile

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.