Verso (NYSE:VRS) released its quarterly earnings data on Thursday. The basic materials company reported ($0.88) EPS for the quarter, missing the consensus estimate of $0.77 by ($1.65), reports. Verso had a negative net margin of 2.35% and a negative return on equity of 6.58%. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $639.95 million.
Verso (NYSE:VRS) opened at $17.57 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80. Verso has a 1-year low of $3.17 and a 1-year high of $19.32. The company has a market cap of $600.90, a PE ratio of -10.46 and a beta of 1.12.
In related news, major shareholder Mudrick Capital Management, L. sold 312,746 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $16.63, for a total value of $5,200,965.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 1,894,168 shares of company stock valued at $32,029,340. 4.20% of the stock is owned by insiders.
Several research analysts have commented on the stock. B. Riley set a $24.00 price objective on shares of Verso and gave the company a “buy” rating in a report on Friday. BWS Financial increased their price objective on shares of Verso to $30.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Verso from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a report on Sunday, December 31st.
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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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