Economy

Veritiv Corporation (VRTV) Announces Earnings Results

About 199,615 shares traded or 201.16% up from the average.

Just yesterday Veritiv (NYSE:VRTV) traded 0.36% higher at $32.15. It has outperformed by 11.78% the S&P500. It was reported on Nov, 7 by Barchart.com. If the $24.75 PT is reached, the company will be worth $20.45 million less.

Wave Life Sciences Limited Ord (NASDAQ:WVE) had a decrease of 15.83% in short interest.

COPYRIGHT VIOLATION WARNING: "Zacks: Brokerages Anticipate Veritiv Corporation (VRTV) Will Post Earnings of $1.14 Per Share" was originally posted by Week Herald and is the sole property of of Week Herald. With 300,200 avg volume, 7 days are for Webcom Group Incorporated (NASDAQ:WEB)'s short sellers to cover WEB's short positions. The SI to Wave Life Sciences Limited Ord's float is 14.57%. Andalay Solar Inc (OTCMKTS:WEST) has 0.00% since November 7, 2016 and is. It has outperformed by 19.31% the S&P500.

Investors sentiment decreased to 1.1 in 2017 Q2.

At the moment 6 analysts are watching Veritiv Corporation (NASDAQ:VRTV), 1 rate it "Buy", 1 "Outperform", 2 "Underperform", 2 "Sell", while 0 "Hold". It is negative, as 34 investors sold Veritiv Corp shares while 37 reduced holdings.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Fincl owns 79,448 shares. Russell Investments Group Ltd. now owns 45,377 shares of the basic materials company's stock valued at $2,043,000 after buying an additional 18,913 shares during the period. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. Finally, BlackRock Advisors LLC raised its stake in shares of Veritiv Corp.by 3.3% in the second quarter.

In other Veritiv Corporation news, Chairman Mary A. Laschinger acquired 3,300 shares of the company's stock in a transaction dated Tuesday, September 12th. Creative Planning reported 184 shares or 0% of all its holdings. Invesco Ltd invested in 57,093 shares. The California-based Menta Capital Llc has invested 0.36% in the stock. State Of Tennessee Treasury Department accumulated 0% or 10,838 shares. Bessemer Gru reported 216 shares stake. Rutabaga Mngmt Limited Liability Com Ma holds 1.77% of its portfolio in Manitex International Inc (NASDAQ:MNTX) for 1.36 million shares.

Ratings analysis reveals 33% of Veritiv Corp's analysts are positive. The rating was upgraded by SunTrust to "Buy" on Thursday, August 3. The stock has "Underweight" rating by Barclays Capital on Friday, January 8. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company was initiated on Wednesday, January 11 by Bank of America. Vertical Research downgraded the stock to "Hold" rating in Tuesday, November 8 report. The firm earned "Hold" rating on Thursday, August 3 by Bank of America. The firm earned "Market Perform" rating on Thursday, August 3 by William Blair. The rating was initiated by Wells Fargo with "Market Perform" on Wednesday, March 15. The company was maintained on Monday, August 7 by Barclays Capital.

Investors wait Veritiv Corp (NYSE:VRTV) to report on November, 8. its quarterly earnings Wall Street analysts expect $1.14 earnings per share, up $0.80 or 235.29 % from last year's $0.34 same quarter earnings. After $0.88 actual EPS reported by Veritiv Corp for the previous quarter, Wall Street now forecasts 29.55% EPS growth. VRTV's profit will be $17.90M for 5.77 P/E if the $1.14 EPS becomes a reality.

In terms of earnings per share, 4 analysts have a 1.32 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 1 analyst has a 0.41 EPS mean target and for the quarter ending Mar-18 there are 3 estimates of 1.48 EPS.

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The company has market cap of $412.92 million. The Company also provides logistics and supply chain management solutions to its customers. It now has negative earnings. The Company's segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other. BidaskClub cut Veritiv Corporation from a "hold" rating to a "sell" rating in a report on Saturday, July 8th. Web.com Group had 7 analyst reports since December 30, 2015 according to SRatingsIntel. Cormark Securities upgraded the stock to "Buy" rating in Thursday, June 1 report. As per Wednesday, December 30, the company rating was maintained by Suntrust Robinson.

Morgan Stanley increased United Contl Hldgs Inc (NYSE:UAL) stake by 2.69M shares to 4.90 million valued at $368.92 million in 2017Q2.



Like this

loading...
loading...

Latest


09 November 2017
Florida to execute man convicted of 2 decades-old murders
Only case outcomes decided after to 2002 are open to possible relief under the Florida's Supreme Court's August ruling. Even with the change to Florida's law in August, the high court ruled that Hannon's sentence is not affected.

09 November 2017
Institutional Investor Sentiment About Sterling Capital Corp (NYSE:SPR) Up
Macquarie Group Ltd. boosted its position in shares of Spirit Aerosystems Holdings by 7.3% during the third quarter. (NYSE:SPR). Coliseum Capital Management Llc holds 5.21% of its portfolio in Advanced Emissions Solutions, Inc. for 931,808 shares.

09 November 2017
Newborn infant left in 'baby box' at in fire department
OH parents are not asked any questions if they choose to drop an infant off at a hospital police station or fire station. The box is offering parents who cannot care for their newborn an option to give their baby up, no questions asked.

09 November 2017
FY2017 EPS Estimates for The Priceline Group Inc. Increased by Analyst (PCLN)
The stock of Priceline Group Inc (NASDAQ: PCLN ) has "Outperform" rating given on Tuesday, November 7 by RBC Capital Markets. Guggenheim cut shares of The Priceline Group from a "buy" rating to a "neutral" rating in a research note on Tuesday.

09 November 2017
Voters in Kansas City Pass Measure for New Airport
Expected in the new airport are additional restaurants and increased waiting space, according to KCTV . They said the single terminal would be less secure and less convenient for travelers.

09 November 2017
Anonymous Giants players express 'hate' for 'out for himself' coach Ben McAdoo
And offensive lineman Justin Pugh expressed confidence that he and defensive end Olivier Vernon will be back from injury Sunday. Pugh said the Giants have talent, noting everyone is talking about the Eagles (7-1) being the best team in the league.

09 November 2017
Caitlyn Jenner Hasn't Spoken To Kim Kardashian In A Year
In an April appearance on The Ellen DeGeneres Show , Kim Kardashian West described Cait's depiction of Kris as deeply wounding. Caitlyn will be chatting about whether or not she'll be mending fences with Kim before the birth of her grandchild.

09 November 2017
Henry Schein, Inc. (NASDAQ:HSIC) Dips Under Moving Averages
The Firm operates through two divisions: healthcare distribution, and technology and value-added services . (HSIC) is 20.78. The company's distance from 52-week high price is -11.99% and while current price is 4.05% from 52-week low price.

09 November 2017
Oppenheimer Holdings, Inc. Lowers LendingClub Corporation (LC) Price Target to $6.25
Nisa Investment Advisors LLC increased its stake in shares of LendingClub Corporation by 4.3% during the second quarter. LendingClub Corporation (NYSE:LC)'s market cap, the total dollar value of all of their outstanding shares, is 2242.26m.

09 November 2017
Toronto Dominion Bank Raises Position in Becton, Dickinson and Company (NYSE:BDX)
Taking a further look at some technicals, shares of Becton Dickinson and Company (BDX) have a 200-day moving average of 191.78. Bnp Paribas Arbitrage Sa holds 0.01% or 50,425 shares. 13,530 were reported by Carderock Management Incorporated.