Vertiv (NYSE:VRT) Announces Quarterly Earnings Results

Vertiv (NYSE:VRT) announced its quarterly earnings data on Wednesday. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07, Briefing.com reports. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS.

Vertiv Trading Up 1.9 %

Shares of Vertiv stock opened at $112.14 on Friday. Vertiv has a 1 year low of $34.60 and a 1 year high of $116.41. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $42.07 billion, a PE ratio of 87.61, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. The firm’s 50 day moving average is $93.57 and its 200 day moving average is $90.17.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 7.81%.

Insiders Place Their Bets

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Mizuho upped their price target on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday. Oppenheimer increased their price objective on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday. TD Cowen lifted their price target on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Citigroup boosted their price target on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv presently has an average rating of “Buy” and a consensus price target of $122.11.

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.