Vertiv (NYSE:VRT – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06, Briefing.com reports. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS.
Vertiv Stock Performance
Shares of VRT stock opened at $92.70 on Friday. Vertiv has a 12 month low of $13.73 and a 12 month high of $94.39. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $35.41 billion, a P/E ratio of 86.88, a PEG ratio of 1.37 and a beta of 1.59. The firm’s 50 day moving average is $75.90 and its 200 day moving average is $57.10.
Vertiv Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s payout ratio is 9.62%.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Oppenheimer lifted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI raised their target price on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday. Mizuho lifted their price target on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Bank of America upped their price target on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.78.
View 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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