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.Get Veritiv alerts:
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 OutflowsA 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
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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