Vertiv (NYSE:VRT – Get Rating) issued an update on its third quarter 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.20-$0.26 for the period, compared to the consensus earnings per share estimate of $0.28. The company issued revenue guidance of $1.46 billion-$1.50 billion, compared to the consensus revenue estimate of $1.47 billion. Vertiv also updated its FY 2022 guidance to $0.61-$0.67 EPS.
Vertiv Price Performance
NYSE VRT traded up $0.57 on Wednesday, hitting $12.73. 133,874 shares of the company were exchanged, compared to its average volume of 4,693,104. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 2.31. The company has a market cap of $4.80 billion, a P/E ratio of 413.33, a P/E/G ratio of 1.34 and a beta of 1.42. Vertiv has a 1-year low of $7.76 and a 1-year high of $28.80. The firm has a 50 day moving average of $10.02 and a two-hundred day moving average of $12.81.
Vertiv (NYSE:VRT – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. Vertiv had a return on equity of 7.73% and a net margin of 2.06%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. On average, equities analysts predict that Vertiv will post 0.62 EPS for the current year.
Analyst Ratings Changes
Ad Investing Daily
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of Vertiv from $14.00 to $15.00 in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vertiv from $16.00 to $15.00 and set a buy rating on the stock in a research note on Wednesday, July 13th. Mizuho dropped their target price on shares of Vertiv from $13.00 to $10.00 and set a neutral rating for the company in a research report on Monday, July 18th. Finally, The Goldman Sachs Group raised their price target on Vertiv from $15.00 to $17.00 and gave the stock a buy rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $16.17.
Institutional Investors Weigh In On Vertiv
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can boosted its stake in shares of Vertiv by 14.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,743 shares of the company’s stock worth $249,000 after acquiring an additional 2,121 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Vertiv by 648.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock worth $35,000 after buying an additional 2,166 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Vertiv by 17.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,756 shares of the company’s stock worth $221,000 after buying an additional 2,361 shares during the period. Advisor Group Holdings Inc. grew its stake in Vertiv by 11.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 26,749 shares of the company’s stock valued at $375,000 after buying an additional 2,756 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Vertiv by 16.6% during the first quarter. Hsbc Holdings PLC now owns 37,054 shares of the company’s stock worth $524,000 after acquiring an additional 5,277 shares during the last quarter. 87.39% of the stock is currently owned by institutional investors and hedge funds.
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. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Vertiv, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Vertiv wasn’t on the list.
While Vertiv currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/YeJoHT2
via IFTTT
No comments:
Post a Comment