Vertiv (VRT) Scheduled to Post Quarterly Earnings on Wednesday

Vertiv (NYSE:VRT - Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.46 EPS. The company's revenue was up 12.6% on a year-over-year basis. On average, analysts expect Vertiv to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Vertiv Stock Up 3.9 %

Shares of NYSE VRT traded up $4.22 during trading on Wednesday, reaching $111.69. 6,153,987 shares of the stock were exchanged, compared to its average volume of 8,366,504. The company has a market capitalization of $41.81 billion, a price-to-earnings ratio of 106.59, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The business's 50-day moving average price is $87.74 and its 200 day moving average price is $88.65. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv has a twelve month low of $34.60 and a twelve month high of $113.43.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. Vertiv's payout ratio is currently 9.62%.

Analyst Upgrades and Downgrades

Several research firms recently commented on VRT. Bank of America boosted their price target on Vertiv from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday. The Goldman Sachs Group dropped their target price on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They set a "buy" rating and a $125.00 price target on the stock. Mizuho raised Vertiv from a "neutral" rating to an "outperform" rating and lowered their price objective for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. Finally, TD Cowen upped their price objective on Vertiv from $89.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has an average rating of "Buy" and an average price target of $110.44.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

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 in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.