Vertiv (NYSE:VRT – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07, Briefing.com reports. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business earned $0.52 EPS. The company’s revenue was up 19.0% compared to the same quarter last year.
Vertiv Stock Performance
VRT stock traded up $2.11 during mid-day trading on Friday, hitting $112.14. 6,247,062 shares of the company were exchanged, compared to its average volume of 8,376,906. Vertiv has a 1-year low of $34.60 and a 1-year high of $116.41. The business has a 50 day simple moving average of $92.92 and a 200-day simple moving average of $89.97. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $41.98 billion, a PE ratio of 109.34, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio is currently 9.62%.
Insider Transactions at Vertiv
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Evercore ISI lifted their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Mizuho upped their price target on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup increased their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America boosted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Oppenheimer raised their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv currently has an average rating of “Buy” and a consensus price target of $122.11.
Read Our Latest Research Report on VRT
Vertiv Company Profile
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 in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
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