Vertiv (NYSE:VRT – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07, Briefing.com reports. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share.
Vertiv Trading Up 1.9 %
NYSE VRT opened at $112.17 on Friday. The company has a market capitalization of $42.08 billion, a price-to-earnings ratio of 87.61, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv has a 12 month low of $34.60 and a 12 month high of $116.41. The company’s fifty day moving average price is $93.57 and its two-hundred day moving average price is $90.17.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is presently 7.81%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on VRT
Insider Transactions at Vertiv
In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.01% of the company’s stock.
About Vertiv
Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
See Also
- Five stocks we like better than Vertiv
- 5 discounted opportunities for dividend growth investors
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- The 3 Best Blue-Chip Stocks to Buy Now
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Quiet Period Expirations Explained
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.