Veralto (VLTO) Projected to Post Quarterly Earnings on Tuesday

Veralto (NYSE:VLTO - Get Free Report) is expected to release its earnings results after the market closes on Tuesday, April 29th. Analysts expect Veralto to post earnings of $0.87 per share and revenue of $1.28 billion for the quarter. Veralto has set its FY 2025 guidance at 3.600-3.700 EPS and its Q1 2025 guidance at 0.840-0.880 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, analysts expect Veralto to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Veralto Price Performance

Shares of Veralto stock traded up $0.26 on Friday, hitting $89.59. The company had a trading volume of 1,691,548 shares, compared to its average volume of 1,488,770. Veralto has a 52 week low of $83.87 and a 52 week high of $115.00. The company has a market cap of $22.22 billion, a PE ratio of 26.82, a PEG ratio of 4.24 and a beta of 0.97. The business has a 50-day simple moving average of $95.86 and a 200-day simple moving average of $101.74. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is presently 13.17%.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock valued at $2,234,030 in the last three months. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Veralto

A hedge fund recently raised its stake in Veralto stock. Brighton Jones LLC raised its position in Veralto Co. (NYSE:VLTO - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,459 shares of the company's stock after purchasing an additional 479 shares during the quarter. Brighton Jones LLC's holdings in Veralto were worth $352,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on VLTO. Citigroup decreased their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reduced their target price on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $111.10.

Veralto Company Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.