Vertiv Holdings Co. to Issue Quarterly Dividend of $0.06 (NYSE:VRT)

Key Points

• Vertiv declared a quarterly dividend of $0.0625 per share, payable September 24 to shareholders of record on September 14. The dividend equates to an annualized $0.25 payment and an approximately 0.1% yield.
• The company’s latest quarterly earnings beat expectations, with EPS of $1.52 versus the $1.43 consensus estimate, while revenue rose 24.1% year over year to $3.27 billion.
• Analysts maintain a generally positive view, with Vertiv carrying a “Moderate Buy” consensus rating and an average price target of $357.83, despite several recent target reductions and downgrades.

Vertiv Holdings Co. (NYSE:VRT - Get Free Report) declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be given a dividend of 0.0625 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th.

Vertiv has increased its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend every year for the last 2 years. Vertiv has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vertiv to earn $8.88 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 2.8%.

Vertiv Stock Performance

VRT stock traded up $0.50 during mid-day trading on Wednesday, hitting $256.47. 3,008,837 shares of the company were exchanged, compared to its average volume of 6,547,078. Vertiv has a 1-year low of $118.70 and a 1-year high of $379.93. The stock has a market capitalization of $98.74 billion, a PE ratio of 58.02, a price-to-earnings-growth ratio of 1.06 and a beta of 2.07. The business has a 50 day simple moving average of $285.51 and a 200-day simple moving average of $290.50. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The firm's revenue for the quarter was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, equities analysts forecast that Vertiv will post 6.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on VRT. Zacks Research lowered Vertiv from a "strong-buy" rating to a "hold" rating in a research note on Monday. Royal Bank Of Canada decreased their price target on Vertiv from $418.00 to $337.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Weiss Ratings downgraded Vertiv from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 14th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $368.00 price objective on shares of Vertiv in a research report on Friday, July 31st. Finally, Citigroup reduced their price objective on shares of Vertiv from $414.00 to $358.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $357.83.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company's product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source