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.



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