Veritiv (NYSE:VRTV – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $19.50-$21.50 for the period, compared to the consensus earnings per share estimate of $18.40. The company issued revenue guidance of -.
Veritiv Trading Up 0.8 %
Shares of NYSE VRTV traded up $0.89 during trading on Thursday, reaching $115.08. The stock had a trading volume of 2,133 shares, compared to its average volume of 109,229. Veritiv has a fifty-two week low of $79.95 and a fifty-two week high of $161.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.46 and a current ratio of 2.01. The business's 50-day moving average price is $122.94 and its 200-day moving average price is $128.64. The company has a market cap of $1.61 billion, a P/E ratio of 6.63, a PEG ratio of 0.33 and a beta of 2.11.
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Veritiv (NYSE:VRTV – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The basic materials company reported $6.12 earnings per share for the quarter, beating analysts' consensus estimates of $4.50 by $1.62. Veritiv had a return on equity of 41.53% and a net margin of 3.64%. The business had revenue of $1.82 billion during the quarter. On average, equities research analysts predict that Veritiv will post 21.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of VRTV. Mackenzie Financial Corp lifted its holdings in Veritiv by 3.3% during the 1st quarter. Mackenzie Financial Corp now owns 2,254 shares of the basic materials company's stock worth $301,000 after buying an additional 73 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Veritiv by 6.2% in the 1st quarter. Bank of Montreal Can now owns 3,994 shares of the basic materials company's stock valued at $563,000 after purchasing an additional 233 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Veritiv by 2.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 12,171 shares of the basic materials company's stock valued at $1,669,000 after purchasing an additional 289 shares during the last quarter. PDT Partners LLC lifted its holdings in shares of Veritiv by 12.3% in the 2nd quarter. PDT Partners LLC now owns 2,702 shares of the basic materials company's stock valued at $293,000 after purchasing an additional 295 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Veritiv by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 60,700 shares of the basic materials company's stock valued at $8,109,000 after purchasing an additional 305 shares during the last quarter. 96.34% of the stock is currently owned by hedge funds and other institutional investors.
Veritiv Company Profile
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Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing).
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