Brokerages Anticipate Verso Corp (NYSE:VRS) to Post $1.00 EPS

Brokerages expect Verso Corp (NYSE:VRS) to report $1.00 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Verso’s earnings. The lowest EPS estimate is $0.90 and the highest is $1.09. Verso posted earnings of $1.82 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 45.1%. The business is expected to issue its next earnings report on Friday, March 6th.

According to Zacks, analysts expect that Verso will report full-year earnings of ($0.34) per share for the current fiscal year, with EPS estimates ranging from ($0.41) to ($0.27). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Verso.

Verso (NYSE:VRS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.85 EPS for the quarter, beating the consensus estimate of ($0.17) by $1.02. Verso had a return on equity of 15.45% and a net margin of 1.57%. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $629.70 million.

Several equities research analysts have weighed in on VRS shares. Zacks Investment Research raised Verso from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Saturday, October 5th. ValuEngine raised Verso from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, B. Riley raised Verso from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $24.00 in a report on Wednesday, November 13th.

VRS stock traded up $0.41 during trading on Monday, reaching $18.68. 307,349 shares of the company traded hands, compared to its average volume of 314,275. Verso has a 12 month low of $9.61 and a 12 month high of $26.18. The business has a 50 day simple moving average of $16.31 and a 200 day simple moving average of $15.21. The company has a market capitalization of $648.27 million, a price-to-earnings ratio of 5.05 and a beta of 2.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.70 and a current ratio of 2.04.

A number of hedge funds have recently made changes to their positions in the stock. Moab Capital Partners LLC raised its position in Verso by 203.6% during the third quarter. Moab Capital Partners LLC now owns 443,679 shares of the basic materials company’s stock valued at $5,493,000 after acquiring an additional 297,542 shares in the last quarter. Lingohr & Partner Asset Management GmbH raised its position in Verso by 107.4% during the third quarter. Lingohr & Partner Asset Management GmbH now owns 46,930 shares of the basic materials company’s stock valued at $581,000 after acquiring an additional 24,300 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Verso by 13.6% during the third quarter. Public Employees Retirement System of Ohio now owns 31,337 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 3,751 shares in the last quarter. California State Teachers Retirement System raised its position in Verso by 1.2% during the third quarter. California State Teachers Retirement System now owns 54,330 shares of the basic materials company’s stock valued at $673,000 after acquiring an additional 649 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in Verso by 129.5% during the third quarter. Donald Smith & CO. Inc. now owns 520,822 shares of the basic materials company’s stock valued at $6,448,000 after acquiring an additional 293,886 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

About Verso

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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