Brokerages Anticipate Verso Corp (NYSE:VRS) Will Announce Earnings of -$0.15 Per Share

Brokerages expect that Verso Corp (NYSE:VRS) will report earnings of ($0.15) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Verso’s earnings, with the lowest EPS estimate coming in at ($1.28) and the highest estimate coming in at $0.98. Verso reported earnings per share of $1.80 during the same quarter last year, which would suggest a negative year over year growth rate of 108.3%. The firm is scheduled to announce its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Verso will report full-year earnings of ($2.46) per share for the current fiscal year, with EPS estimates ranging from ($4.64) to ($0.28). For the next year, analysts expect that the business will post earnings of ($4.81) per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Verso.

A number of analysts recently issued reports on VRS shares. ValuEngine lowered Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Zacks Investment Research lowered Verso from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Finally, B. Riley lowered their price target on Verso from $26.00 to $17.50 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.17.

Shares of NYSE VRS opened at $11.64 on Friday. The company has a quick ratio of 0.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $421.05 million, a price-to-earnings ratio of 3.15 and a beta of 1.74. The company has a 50 day moving average price of $16.75. Verso has a 52-week low of $11.51 and a 52-week high of $34.60.

Institutional investors have recently bought and sold shares of the business. Skylands Capital LLC lifted its holdings in Verso by 24.9% during the first quarter. Skylands Capital LLC now owns 564,500 shares of the basic materials company’s stock worth $12,092,000 after buying an additional 112,550 shares during the period. Northern Trust Corp lifted its holdings in Verso by 1.4% during the fourth quarter. Northern Trust Corp now owns 394,759 shares of the basic materials company’s stock worth $8,843,000 after buying an additional 5,268 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Verso during the fourth quarter worth $192,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Verso during the first quarter worth $629,000. Finally, Geode Capital Management LLC lifted its holdings in Verso by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 498,710 shares of the basic materials company’s stock worth $11,170,000 after buying an additional 20,979 shares during the period. Institutional investors own 91.88% of the company’s stock.

Verso Company Profile

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, packaging, inkjet and digital, supercalendered, and uncoated freesheet papers; and bleached and unbleached market kraft pulp to manufacture printing, writing, and tissue products.

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