Vertiv (NYSE:VRT – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06, Briefing.com reports. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company posted $0.24 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis.
Vertiv Stock Up 6.0 %
VRT stock traded up $5.05 during mid-day trading on Thursday, reaching $89.62. 11,878,298 shares of the company traded hands, compared to its average volume of 7,932,850. Vertiv has a fifty-two week low of $13.06 and a fifty-two week high of $94.39. The firm’s 50 day moving average price is $75.35 and its 200 day moving average price is $56.87. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 75.42, a P/E/G ratio of 1.26 and a beta of 1.59.
Vertiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is currently 8.47%.
Insiders Place Their Bets
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Mizuho lifted their price objective on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer raised their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup raised their target price on Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Evercore ISI raised their target price on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.89.
Check Out Our Latest Stock Analysis on Vertiv
About Vertiv
Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
Read More
- Five stocks we like better than Vertiv
- Learn Technical Analysis Skills to Master the Stock Market
- Hasbro’s Management Made All the Right Calls This Quarter
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Which Wall Street Analysts are the Most Accurate?
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.