Veralto (VLTO) Scheduled to Post Earnings on Wednesday

Veralto (NYSE:VLTO - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm posted $0.80 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts expect Veralto to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Veralto Stock Performance

Shares of NYSE VLTO traded down $0.36 during midday trading on Wednesday, hitting $112.52. 961,227 shares of the company's stock traded hands, compared to its average volume of 1,546,853. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The stock has a market capitalization of $27.80 billion and a price-to-earnings ratio of 35.41. The firm has a fifty day moving average of $110.22 and a 200 day moving average of $101.63. Veralto has a 1 year low of $65.51 and a 1 year high of $114.61.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.32%. Veralto's dividend payout ratio is currently 11.29%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 753 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total transaction of $84,750.15. Following the completion of the transaction, the senior vice president now owns 11,165 shares in the company, valued at $1,256,620.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Surekha Trivedi sold 753 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total transaction of $84,750.15. Following the sale, the senior vice president now directly owns 11,165 shares of the company's stock, valued at $1,256,620.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the firm's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the transaction, the senior vice president now directly owns 31,045 shares of the company's stock, valued at approximately $3,287,355.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,039 shares of company stock valued at $4,310,335. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VLTO has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on Veralto from $101.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. The Goldman Sachs Group upped their price target on Veralto from $104.00 to $116.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Stifel Nicolaus lifted their price objective on Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a research report on Wednesday. TD Cowen increased their target price on shares of Veralto from $95.00 to $100.00 and gave the stock a "hold" rating in a report on Tuesday, July 30th. Finally, BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $105.83.

Veralto Company Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.