Vertiv (NYSE:VRT) Releases Q4 2024 Earnings Guidance

Vertiv (NYSE:VRT) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.800-0.840 for the period, compared to the consensus estimate of 0.750. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion. Vertiv also updated its FY 2024 guidance to 2.660-2.700 EPS.

Analyst Upgrades and Downgrades

Several brokerages have commented on VRT. Bank of America increased their price target on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Evercore ISI increased their price target on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Mizuho increased their price target on Vertiv from $92.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.44.

Vertiv Stock Performance

VRT stock traded down $1.16 during midday trading on Wednesday, hitting $111.31. The stock had a trading volume of 11,335,601 shares, compared to its average volume of 8,351,733. The firm has a market capitalization of $41.67 billion, a price-to-earnings ratio of 108.90, a P/E/G ratio of 1.42 and a beta of 1.59. Vertiv has a 52 week low of $34.60 and a 52 week high of $116.41. The stock has a 50-day simple moving average of $91.81 and a 200 day simple moving average of $89.70. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $0.46 earnings per share. As a group, equities research analysts anticipate that Vertiv will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors 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 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction 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 completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.01% of the stock is owned by company 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.