Veritiv (NYSE:VRTV) issued its quarterly earnings data on Thursday. The basic materials company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01), Briefing.com reports. Veritiv had a negative net margin of 0.68% and a negative return on equity of 10.63%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Veritiv’s revenue for the quarter was up 5.0% compared to the same quarter last year.
Veritiv (NYSE:VRTV) traded up $3.95 during trading hours on Thursday, hitting $28.20. The company had a trading volume of 104,768 shares, compared to its average volume of 89,812. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.51 and a current ratio of 2.36. The company has a market capitalization of $393.29, a P/E ratio of -20.84, a PEG ratio of 0.89 and a beta of 1.02. Veritiv has a fifty-two week low of $20.35 and a fifty-two week high of $62.60.
A number of hedge funds have recently bought and sold shares of VRTV. MetLife Investment Advisors LLC acquired a new stake in shares of Veritiv in the fourth quarter valued at approximately $166,000. BNP Paribas Arbitrage SA grew its position in Veritiv by 53.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,782 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 2,362 shares during the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of Veritiv in the 3rd quarter valued at about $228,000. Alps Advisors Inc. bought a new stake in shares of Veritiv in the 4th quarter valued at about $236,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Veritiv in the 3rd quarter valued at about $246,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.
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Veritiv Company Profile
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.
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