Verso Corp (NYSE:VRS) – Equities research analysts at B. Riley increased their Q2 2019 earnings per share (EPS) estimates for shares of Verso in a research note issued to investors on Friday, April 12th. B. Riley analyst J. Van. Sinderen now anticipates that the basic materials company will post earnings per share of $0.18 for the quarter, up from their prior forecast of $0.13. B. Riley has a “Neutral” rating and a $26.00 price objective on the stock. B. Riley also issued estimates for Verso’s Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.34 EPS and FY2020 earnings at $3.43 EPS.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Verso from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 6th. TheStreet downgraded Verso from a “b-” rating to a “c” rating in a report on Tuesday, January 22nd. Finally, ValuEngine raised Verso from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Verso currently has an average rating of “Hold” and a consensus target price of $33.33.
Verso (NYSE:VRS) last posted its earnings results on Friday, March 1st. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.11. Verso had a return on equity of 15.94% and a net margin of 6.38%. The company had revenue of $695.00 million for the quarter, compared to analyst estimates of $712.83 million.
Large investors have recently made changes to their positions in the business. SCW Capital Management LP purchased a new stake in shares of Verso during the fourth quarter worth approximately $26,602,000. Dimensional Fund Advisors LP increased its position in shares of 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. Robeco Institutional Asset Management B.V. increased its position in shares of Verso by 920.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 392,199 shares of the basic materials company’s stock worth $8,760,000 after purchasing an additional 353,776 shares in the last quarter. Morgan Stanley increased its position in shares of 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. Finally, Teachers Advisors LLC increased its position in shares of 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. 92.73% of the stock is owned by institutional investors.
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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