Verso Co. (VRS) Expected to Announce Quarterly Sales of $637.95 Million

Equities research analysts predict that Verso Co. (NYSE:VRS) will announce $637.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Verso’s earnings. The highest sales estimate is $640.90 million and the lowest is $635.00 million. Verso posted sales of $646.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.2%. The business is expected to report its next quarterly earnings results on Friday, March 16th.

On average, analysts expect that Verso will report full year sales of $637.95 million for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report sales of $2.53 billion per share, with estimates ranging from $2.46 billion to $2.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Verso.

Verso (NYSE:VRS) last released its quarterly earnings data on Tuesday, November 14th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.15). Verso had a negative return on equity of 6.58% and a negative net margin of 2.35%.

Several equities research analysts recently commented on the company. ValuEngine upgraded Verso from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. B. Riley reiterated a “buy” rating and set a $11.25 target price on shares of Verso in a report on Thursday, November 9th. Zacks Investment Research upgraded Verso from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Tuesday, October 24th. Finally, BWS Financial raised their target price on Verso from $15.00 to $20.00 and gave the company a “strong-buy” rating in a report on Friday, November 17th.

In other news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of Verso stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $16.43, for a total value of $821,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 1,286,595 shares of company stock valued at $21,508,948. Insiders own 4.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC acquired a new position in shares of Verso in the 2nd quarter worth approximately $104,000. Wells Fargo & Company MN acquired a new position in Verso during the 3rd quarter valued at approximately $130,000. Rhumbline Advisers acquired a new position in Verso during the 2nd quarter valued at approximately $166,000. Schwab Charles Investment Management Inc. acquired a new position in Verso during the 2nd quarter valued at approximately $275,000. Finally, California State Teachers Retirement System acquired a new position in Verso during the 2nd quarter valued at approximately $280,000. Institutional investors own 53.22% of the company’s stock.

Verso (VRS) traded up $0.50 during trading on Monday, hitting $16.94. The stock had a trading volume of 387,600 shares, compared to its average volume of 736,205. The stock has a market cap of $577.42 and a P/E ratio of -10.08. The company has a current ratio of 2.15, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Verso has a 52 week low of $3.17 and a 52 week high of $17.80.

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Verso Company Profile

Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.

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