NYSE:VRSVerso Stock Price, Forecast & News

Verso's stock was trading at $13.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, VRS stock has increased by 24.7% and is now trading at $16.51. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verso in the last year. There are currently 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Strong Buy." View analyst ratings for Verso.

Verso is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Verso.

Verso Corp (NYSE:VRS) released its quarterly earnings results on Monday, May, 11th. The basic materials company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $1.14. The basic materials company had revenue of $471 million for the quarter, compared to the consensus estimate of $493.11 million. Verso had a return on equity of 4.50% and a net margin of 5.01%. View Verso's earnings history.

Verso announced a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 15th will be paid a dividend of $0.10 per share on Monday, June 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, June 12th. View Verso's dividend history.

2 brokerages have issued 12 month price objectives for Verso's shares. Their forecasts range from $23.00 to $35.00. On average, they expect Verso's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 75.7% from the stock's current price. View analysts' price targets for Verso.

Headlines about VRS stock have trended positive this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Verso earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave news headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutVerso.

Verso saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,440,000 shares, a decline of 10.6% from the April 30th total of 1,610,000 shares. Based on an average daily trading volume, of 325,800 shares, the days-to-cover ratio is currently 4.4 days. Currently, 4.8% of the shares of the company are sold short. View Verso's Current Options Chain.

Some companies that are related to Verso include Domtar (UFS), Schweitzer-Mauduit International (SWM), Neenah (NP), P H Glatfelter (GLT) and Resolute Forest Products (RFP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Verso investors own include Ford Motor (F), Micron Technology (MU), Advanced Micro Devices (AMD), Canopy Growth (CGC), Intel (INTC), Alibaba Group (BABA), NeoPhotonics (NPTN), Ring Energy (REI), Ring Energy (REI) and Pieris Pharmaceuticals (PIRS).

Verso trades on the New York Stock Exchange (NYSE) under the ticker symbol "VRS."

Verso's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.19%), Skylands Capital LLC (2.26%), Donald Smith & CO. Inc. (2.21%), State Street Corp (2.07%), Acadian Asset Management LLC (2.06%) and JPMorgan Chase & Co. (1.90%). Company insiders that own Verso stock include Allen James Campbell, Jeffrey E Kirt and John Adam St. View institutional ownership trends for Verso.

VRS stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, BlackRock Inc., Two Sigma Advisers LP, Robeco Institutional Asset Management B.V., Nuveen Asset Management LLC, Parametric Portfolio Associates LLC, Mackenzie Financial Corp, and WINTON GROUP Ltd. View insider buying and selling activity for Verso.

VRS stock was acquired by a variety of institutional investors in the last quarter, including TCW Group Inc., Yakira Capital Management Inc., Donald Smith & CO. Inc., Kestrel Investment Management Corp, Skylands Capital LLC, Deutsche Bank AG, Matarin Capital Management LLC, and Invesco Ltd.. Company insiders that have bought Verso stock in the last two years include Allen James Campbell, and Jeffrey E Kirt. View insider buying and selling activity for Verso.

Shares of VRS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of VRS stock can currently be purchased for approximately $16.51.

Verso has a market capitalization of $578.68 million and generates $2.44 billion in revenue each year. The basic materials company earns $96 million in net income (profit) each year or ($0.19) on an earnings per share basis. Verso employs 3,700 workers across the globe.

The official website for Verso is www.versoco.com.

Verso's mailing address is 8540 GANDER CREEK DRIVE, MIAMISBURG OH, 45342. The basic materials company can be reached via phone at 877-855-7243 or via email at [email protected]