Analysts Expect Verso Corporation (NYSE:VRS) to Post -$1.03 Earnings Per Share
Analysts predict that Verso Corporation (NYSE:VRS) will post ($1.03) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Verso Corporation’s earnings. The lowest EPS estimate is ($1.20) and the highest is ($0.85). Verso Corporation reported earnings per share of ($0.17) in the same quarter last year, which suggests a negative year-over-year growth rate of 505.9%. The business is expected to report its next quarterly earnings results on Monday, August 21st.
According to Zacks, analysts expect that Verso Corporation will report full-year earnings of ($0.72) per share for the current financial year, with EPS estimates ranging from ($1.07) to ($0.36). For the next fiscal year, analysts anticipate that the company will post earnings of $0.18 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Verso Corporation.
Verso Corporation (NYSE:VRS) last posted its quarterly earnings data on Thursday, May 18th. The basic materials company reported ($0.61) EPS for the quarter, hitting analysts’ consensus estimates of ($0.61). Verso Corporation had a net margin of 47.25% and a return on equity of 581.15%. The firm had revenue of $616 million during the quarter, compared to analyst estimates of $615.50 million.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Verso Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. B. Riley assumed coverage on shares of Verso Corporation in a research report on Thursday, April 27th. They set a “buy” rating and a $11.25 price objective for the company. Finally, ValuEngine downgraded shares of Verso Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th.
Large investors have recently modified their holdings of the company. California Public Employees Retirement System bought a new stake in shares of Verso Corporation during the first quarter valued at about $145,000. BlueCrest Capital Management Ltd bought a new stake in shares of Verso Corporation during the first quarter valued at about $147,000. KCG Holdings Inc. bought a new stake in shares of Verso Corporation during the first quarter valued at about $170,000. Oxford Asset Management bought a new stake in shares of Verso Corporation during the first quarter valued at about $185,000. Finally, Segantii Capital Management Ltd increased its stake in shares of Verso Corporation by 565.2% in the first quarter. Segantii Capital Management Ltd now owns 45,900 shares of the basic materials company’s stock valued at $275,000 after buying an additional 39,000 shares in the last quarter. 58.64% of the stock is owned by institutional investors.
Verso Corporation (NYSE VRS) traded down 1.50% during trading on Friday, reaching $4.59. 109,195 shares of the company were exchanged. The firm has a 50-day moving average of $3.99 and a 200-day moving average of $6.06. Verso Corporation has a 52-week low of $3.17 and a 52-week high of $13.60. The firm has a market cap of $157.85 million and a price-to-earnings ratio of 2.98.
Verso Corporation 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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