Verso Corp (VRS) to Post Q4 2018 Earnings of $2.06 Per Share, BWS Financial Forecasts

Verso Corp (NYSE:VRS) – BWS Financial increased their Q4 2018 earnings per share (EPS) estimates for Verso in a report released on Wednesday, September 26th. BWS Financial analyst H. Khorsand now anticipates that the basic materials company will post earnings of $2.06 per share for the quarter, up from their previous forecast of $1.83. BWS Financial currently has a “Strong-Buy” rating and a $40.00 price target on the stock.

VRS has been the subject of several other research reports. B. Riley set a $26.00 price objective on shares of Verso and gave the company a “buy” rating in a research note on Monday, July 9th. Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Saturday, June 30th.

Shares of NYSE:VRS opened at $32.28 on Thursday. The company has a market cap of $1.07 billion, a P/E ratio of -42.27 and a beta of 1.82. Verso has a 12 month low of $4.98 and a 12 month high of $32.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.78 and a quick ratio of 0.69.

Verso (NYSE:VRS) last issued its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $644.00 million during the quarter, compared to analysts’ expectations of $632.42 million. Verso had a net margin of 1.53% and a return on equity of 8.36%.

A number of hedge funds have recently added to or reduced their stakes in VRS. Nisa Investment Advisors LLC purchased a new position in Verso in the 2nd quarter worth approximately $118,000. SG Americas Securities LLC purchased a new position in Verso in the 2nd quarter worth approximately $125,000. Sei Investments Co. grew its stake in Verso by 188.2% in the 1st quarter. Sei Investments Co. now owns 11,005 shares of the basic materials company’s stock worth $185,000 after buying an additional 7,186 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in Verso in the 1st quarter worth approximately $221,000. Finally, Capital Fund Management S.A. purchased a new position in Verso in the 2nd quarter worth approximately $244,000. 86.21% of the stock is owned by institutional investors and hedge funds.

Verso Company Profile

Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

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