Vertiv (NYSE:VRT – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07, Briefing.com reports. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS.
Vertiv Stock Up 1.9 %
Shares of VRT traded up $2.11 on Friday, hitting $112.14. The company’s stock had a trading volume of 6,247,062 shares, compared to its average volume of 8,376,906. The firm’s fifty day moving average price is $92.92 and its 200-day moving average price is $89.97. Vertiv has a fifty-two week low of $34.60 and a fifty-two week high of $116.41. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 109.34, a P/E/G ratio of 1.42 and a beta of 1.59.
Vertiv Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.
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Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen upped their target price on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho raised their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group began coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, The Goldman Sachs Group reduced their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $122.11.
View Our Latest Analysis 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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