Q2 2017 EPS Estimates for Verso Co. Lifted by BWS Financial (VRS)
Verso Co. (NYSE:VRS) – Analysts at BWS Financial upped their Q2 2017 earnings estimates for shares of Verso in a research note issued on Thursday. BWS Financial analyst H. Khorsand now forecasts that the firm will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.41. BWS Financial also issued estimates for Verso’s Q4 2017 earnings at $0.52 EPS.
Separately, Zacks Investment Research raised Verso from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th.
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Verso (NYSE:VRS) opened at 6.14 on Monday. Verso has a 1-year low of $4.37 and a 1-year high of $13.60. The stock has a market capitalization of $211.15 million and a PE ratio of 0.44. The stock’s 50 day moving average price is $7.70 and its 200 day moving average price is $6.73.
Several hedge funds and other institutional investors have recently modified their holdings of VRS. Dynamic Technology Lab Private Ltd bought a new stake in shares of Verso during the fourth quarter valued at about $441,000. Rotation Capital Management LP bought a new stake in shares of Verso during the fourth quarter valued at about $710,000. Sound Point Capital Management LP bought a new stake in shares of Verso during the fourth quarter valued at about $1,306,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Verso during the fourth quarter valued at about $1,378,000. 64.32% of the stock is currently owned by institutional investors and hedge funds.
Verso Company Profile
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
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