Q2 2019 EPS Estimates for Verso Corp Lifted by B. Riley (VRS)
Verso Corp (NYSE:VRS) – Equities research analysts at B. Riley upped their Q2 2019 earnings per share estimates for Verso in a report released on Friday, April 12th. B. Riley analyst J. Van. Sinderen now expects that the basic materials company will post earnings of $0.18 per share for the quarter, up from their prior estimate 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 brokerages have also recently issued reports on VRS. Zacks Investment Research cut Verso from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 12th. TheStreet cut Verso from a “b-” rating to a “c” rating in a report on Tuesday, January 22nd. Finally, ValuEngine upgraded 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 given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.33.
Verso (NYSE:VRS) last issued its quarterly earnings data on Friday, March 1st. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $712.83 million.
Large investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in shares of Verso by 8.1% during the fourth quarter. Acadian Asset Management LLC now owns 1,291,529 shares of the basic materials company’s stock worth $28,930,000 after acquiring an additional 97,299 shares during the period. Northern Trust Corp boosted its stake in shares of Verso by 1.4% in the fourth quarter. Northern Trust Corp now owns 394,759 shares of the basic materials company’s stock valued at $8,843,000 after buying an additional 5,268 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Verso by 31.5% in the fourth quarter. Mackenzie Financial Corp now owns 217,440 shares of the basic materials company’s stock valued at $4,871,000 after buying an additional 52,105 shares during the period. Morgan Stanley boosted its stake in shares of Verso by 235.8% in the third quarter. Morgan Stanley now owns 490,742 shares of the basic materials company’s stock valued at $16,522,000 after buying an additional 344,613 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Verso by 17.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 18,609 shares of the basic materials company’s stock valued at $417,000 after buying an additional 2,749 shares during the period. Institutional investors own 92.77% 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, 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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