Veralto (NYSE:VLTO - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05, Zacks reports. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Veralto updated its FY 2025 guidance to 3.600-3.700 EPS and its Q1 2025 guidance to 0.840-0.880 EPS.
Veralto Stock Up 0.4 %
Shares of Veralto stock traded up $0.43 during trading on Friday, reaching $98.87. The company's stock had a trading volume of 2,182,954 shares, compared to its average volume of 1,436,270. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $102.92 and a two-hundred day simple moving average of $106.25. Veralto has a 1-year low of $81.23 and a 1-year high of $115.00. The company has a market cap of $24.45 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 4.21 and a beta of 1.06.
Veralto Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Veralto's previous quarterly dividend of $0.09. Veralto's dividend payout ratio is currently 13.17%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday. Citigroup cut their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $112.55.
View Our Latest Stock Report on Veralto
About Veralto
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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.
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