Wall Street brokerages expect Verso Corp (NYSE:VRS) to announce ($0.15) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Verso’s earnings. The highest EPS estimate is $0.98 and the lowest is ($1.28). Verso posted earnings of $1.80 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 108.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 6th.
On average, analysts expect that Verso will report full year earnings of ($2.46) per share for the current year, with EPS estimates ranging from ($4.64) to ($0.28). For the next financial year, analysts expect that the business will report earnings of ($4.81) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Verso.
Several analysts recently weighed in on VRS shares. Zacks Investment Research downgraded shares of Verso from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. B. Riley dropped their price target on shares of Verso from $26.00 to $17.50 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded shares of Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Verso currently has an average rating of “Hold” and a consensus price target of $29.17.
Verso stock opened at $11.64 on Friday. Verso has a fifty-two week low of $11.51 and a fifty-two week high of $34.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.21 and a quick ratio of 0.69. The firm has a 50 day moving average of $16.75. The firm has a market cap of $421.05 million, a P/E ratio of 3.15 and a beta of 1.74.
Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Verso by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,810,761 shares of the basic materials company’s stock worth $62,961,000 after acquiring an additional 332,713 shares in the last quarter. SCW Capital Management LP grew its stake in shares of Verso by 4.6% in the first quarter. SCW Capital Management LP now owns 1,242,598 shares of the basic materials company’s stock worth $26,616,000 after acquiring an additional 55,002 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Verso by 1.3% in the second quarter. JPMorgan Chase & Co. now owns 1,115,693 shares of the basic materials company’s stock worth $21,053,000 after acquiring an additional 14,605 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Verso by 51.8% in the second quarter. Wells Fargo & Company MN now owns 697,807 shares of the basic materials company’s stock worth $13,293,000 after acquiring an additional 238,193 shares in the last quarter. Finally, Skylands Capital LLC grew its stake in shares of Verso by 9.2% in the second quarter. Skylands Capital LLC now owns 616,400 shares of the basic materials company’s stock worth $11,742,000 after acquiring an additional 51,900 shares in the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.
Verso Company Profile
Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, packaging, inkjet and digital, supercalendered, and uncoated freesheet papers; and bleached and unbleached market kraft pulp to manufacture printing, writing, and tissue products.
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