Veralto (NYSE:VLTO – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05, Briefing.com reports. Veralto had a return on equity of 62.93% and a net margin of 15.60%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis.
Veralto Stock Performance
NYSE:VLTO opened at $104.87 on Monday. The firm has a market capitalization of $25.89 billion and a PE ratio of 28.81. The business’s fifty day moving average price is $98.99 and its 200 day moving average price is $91.19. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. Veralto has a 12 month low of $65.51 and a 12 month high of $107.86.
Veralto Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, June 28th. Veralto’s dividend payout ratio (DPR) is presently 9.89%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Veralto
Insider Activity at Veralto
In other Veralto news, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.
Veralto Company Profile
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.
Featured Stories
- Five stocks we like better than Veralto
- Canada Bond Market Holiday: How to Invest and Trade
- Is Crypto Cool Again? What Stocks You Should Be Watching
- High Flyers: 3 Natural Gas Stocks for March 2022
- Why Call Options Volume for These 2 Stocks Spiked Together
- How to Calculate Retirement Income: MarketBeat’s Calculator
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.