Verso (VRS) to Release Quarterly Earnings on Wednesday

Verso (NYSE:VRS) is scheduled to release its earnings data before the market opens on Wednesday, November 7th. Analysts expect Verso to post earnings of $1.73 per share for the quarter.

Verso (NYSE:VRS) last released its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Verso had a return on equity of 8.36% and a net margin of 1.53%. The company had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $632.42 million. On average, analysts expect Verso to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NYSE:VRS opened at $28.53 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.78. Verso has a 52 week low of $7.00 and a 52 week high of $34.60. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -38.04 and a beta of 2.23.

A number of research firms have commented on VRS. B. Riley set a $29.00 price target on Verso and gave the stock a “buy” rating in a research note on Monday, August 6th. ValuEngine cut Verso from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Zacks Investment Research cut Verso from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. Finally, BWS Financial upped their price target on Verso from $32.00 to $40.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 8th.

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About Verso

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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Earnings History for Verso (NYSE:VRS)

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