Equities research analysts expect Verso Corp (NYSE:VRS) to report $1.71 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Verso’s earnings, with the highest EPS estimate coming in at $2.04 and the lowest estimate coming in at $1.37. Verso reported earnings per share of $1.04 during the same quarter last year, which would indicate a positive year over year growth rate of 64.4%. The company is expected to issue its next earnings report on Thursday, March 14th.
On average, analysts expect that Verso will report full year earnings of $3.53 per share for the current year. For the next financial year, analysts expect that the business will post earnings of $5.77 per share, with EPS estimates ranging from $4.95 to $6.59. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Verso.
Verso (NYSE:VRS) last announced its quarterly earnings data on Wednesday, November 7th. The basic materials company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.10). The firm had revenue of $704.00 million during the quarter, compared to analyst estimates of $714.15 million. Verso had a net margin of 4.61% and a return on equity of 17.33%.
Shares of VRS opened at $25.22 on Friday. Verso has a 52 week low of $10.81 and a 52 week high of $34.60. The company has a current ratio of 1.96, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $871.43 million, a PE ratio of -33.63 and a beta of 2.23.
In related news, CFO Allen James Campbell bought 1,000 shares of the stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $27.00 per share, for a total transaction of $27,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of VRS. Dimensional Fund Advisors LP boosted its position in Verso by 23.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,478,048 shares of the basic materials company’s stock worth $83,434,000 after purchasing an additional 469,946 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Verso during the third quarter worth approximately $14,292,000. Morgan Stanley boosted its position in Verso by 235.8% during the third quarter. Morgan Stanley now owns 490,742 shares of the basic materials company’s stock worth $16,522,000 after purchasing an additional 344,613 shares in the last quarter. BlackRock Inc. boosted its position in Verso by 16.6% during the second quarter. BlackRock Inc. now owns 2,383,493 shares of the basic materials company’s stock worth $51,866,000 after purchasing an additional 339,301 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Verso by 437.3% during the third quarter. Teachers Advisors LLC now owns 367,959 shares of the basic materials company’s stock worth $12,389,000 after purchasing an additional 299,477 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.
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, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.
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