Vertiv (NYSE:VRT – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07, Briefing.com reports. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $0.52 earnings per share. The business’s revenue was up 19.0% on a year-over-year basis.
Vertiv Trading Up 1.3 %
Shares of VRT stock traded up $1.37 on Thursday, reaching $109.73. 3,178,450 shares of the stock were exchanged, compared to its average volume of 8,363,124. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv has a one year low of $34.60 and a one year high of $116.41. The stock has a market cap of $41.08 billion, a PE ratio of 105.53, a P/E/G ratio of 1.42 and a beta of 1.59. The stock has a 50 day moving average price of $92.37 and a 200 day moving average price of $89.83.
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 9.62%.
Insider Activity at Vertiv
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group cut their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. TD Cowen raised their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Mizuho lifted their price objective on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv currently has an average rating of “Buy” and a consensus target price of $119.67.
Get Our Latest Stock Report on Vertiv
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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