Q3 2017 EPS Estimates for Verso Corporation Increased by Analyst (VRS)
Verso Corporation (NYSE:VRS) – Investment analysts at BWS Financial increased their Q3 2017 earnings per share (EPS) estimates for shares of Verso Corporation in a report issued on Wednesday. BWS Financial analyst H. Khorsand now expects that the basic materials company will post earnings per share of $0.90 for the quarter, up from their previous forecast of $0.88. BWS Financial has a “Strong-Buy” rating and a $15.00 price objective on the stock.
Verso Corporation (NYSE:VRS) last announced its earnings results on Wednesday, August 9th. The basic materials company reported ($1.42) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.39). Verso Corporation had a return on equity of 168.52% and a net margin of 47.46%. The firm had revenue of $585.00 million during the quarter, compared to analyst estimates of $579.52 million.
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VRS has been the subject of a number of other reports. Zacks Investment Research raised Verso Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine cut Verso Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, B. Riley reaffirmed a “buy” rating and issued a $11.25 price target on shares of Verso Corporation in a research note on Sunday, August 13th.
Verso Corporation (VRS) opened at 6.76 on Friday. The firm has a market capitalization of $232.92 million, a PE ratio of 3.80 and a beta of 1.28. The firm has a 50 day moving average of $5.39 and a 200 day moving average of $5.39. Verso Corporation has a one year low of $3.17 and a one year high of $8.43.
A number of hedge funds and other institutional investors have recently bought and sold shares of VRS. Voya Investment Management LLC bought a new stake in Verso Corporation during the 2nd quarter worth approximately $104,000. California Public Employees Retirement System bought a new stake in Verso Corporation during the 1st quarter worth approximately $145,000. BlueCrest Capital Management Ltd bought a new stake in Verso Corporation during the 1st quarter worth approximately $147,000. Rhumbline Advisers bought a new stake in Verso Corporation during the 2nd quarter worth approximately $166,000. Finally, KCG Holdings Inc. bought a new stake in Verso Corporation during the 1st quarter worth approximately $170,000. 53.54% of the stock is owned by institutional investors and hedge funds.
About Verso Corporation
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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