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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. Its paper products are used primarily in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as high-end advertising brochures, annual reports, and direct-mail advertising; and specialty applications comprising flexible packaging, and label and converting. The company was formerly known as Verso Paper Corp. and changed its name to Verso Corporation in January 2015. Verso Corporation was founded in 2006 and is headquartered in Miamisburg, Ohio.
Industry, Sector and Symbol
Industry Paper mills
Sub-IndustryN/A
SectorBasic Materials
SymbolNYSE:VRS
CUSIPN/A
Phone877-855-7243
Debt
Debt-to-Equity Ratio0.25
Current Ratio1.95
Quick Ratio0.74
Price-To-Earnings
Trailing P/E Ratio-26.68
Forward P/E Ratio20.43
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.46 billion
Price / Sales0.28
Cash Flow$2.86 per share
Price / Cash7.00
Book Value$21.65 per share
Price / Book0.92
Profitability
EPS (Most Recent Fiscal Year)($0.75)
Net Income$-30,000,000.00
Net Margins-0.44%
Return on Equity-0.74%
Return on Assets-0.25%
Miscellaneous
Employees4,200
Outstanding Shares34,450,000
Verso (NYSE:VRS) Frequently Asked Questions
What is Verso's stock symbol?
Verso trades on the New York Stock Exchange (NYSE) under the ticker symbol "VRS."
How were Verso's earnings last quarter?
Verso Co. (NYSE:VRS) announced its quarterly earnings results on Wednesday, May, 9th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.60 by $0.57. The basic materials company earned $639 million during the quarter, compared to analysts' expectations of $628.16 million. Verso had a negative net margin of 0.44% and a negative return on equity of 0.74%. View Verso's Earnings History.
When is Verso's next earnings date?
What price target have analysts set for VRS?
2 brokers have issued 1 year price targets for Verso's shares. Their forecasts range from $26.00 to $30.00. On average, they expect Verso's share price to reach $28.00 in the next twelve months. View Analyst Ratings for Verso.
Who are some of Verso's key competitors?
Who are Verso's key executives?
Verso's management team includes the folowing people:
- Mr. Allen James Campbell, Sr. VP & CFO (Age 60)
- Mr. Michael A. Weinhold, Pres of Graphic Papers (Age 53)
- Mr. B. Christopher DiSantis, Pres, CEO & Director (Age 46)
- Mr. Kenneth D. Sawyer, Sr. VP of HR & Communications (Age 62)
- Mr. Adam St. John, Sr. VP of Manufacturing (Age 54)
Has Verso been receiving favorable news coverage?
News stories about VRS stock have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verso earned a media sentiment score of 0.13 on Accern's scale. They also gave press coverage about the basic materials company an impact score of 46.16 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Verso's major shareholders?
Verso's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.93%), Donald Smith & CO. Inc. (4.89%), Millennium Management LLC (4.84%), Dimensional Fund Advisors LP (4.51%), JPMorgan Chase & Co. (3.83%) and Russell Investments Group Ltd. (1.40%). Company insiders that own Verso stock include Allen James Campbell, Mudrick Capital Management, L and Robert M Amen. View Institutional Ownership Trends for Verso.
Which major investors are selling Verso stock?
VRS stock was sold by a variety of institutional investors in the last quarter, including Donald Smith & CO. Inc., Aegis Financial Corp, Engineers Gate Manager LP, California Public Employees Retirement System, Wells Fargo & Company MN, BNP Paribas Arbitrage SA and Citigroup Inc.. View Insider Buying and Selling for Verso.
Which major investors are buying Verso stock?
VRS stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., Dimensional Fund Advisors LP, BlackRock Inc., Hennessy Advisors Inc., Russell Investments Group Ltd., Mackay Shields LLC and ClariVest Asset Management LLC. View Insider Buying and Selling for Verso.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Verso's stock price today?
One share of VRS stock can currently be purchased for approximately $20.04.
How big of a company is Verso?
Verso has a market capitalization of $687.36 million and generates $2.46 billion in revenue each year. The basic materials company earns $-30,000,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis. Verso employs 4,200 workers across the globe.
How can I contact Verso?
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]
MarketBeat Community Rating for Verso (VRS)
MarketBeat's community ratings are surveys of what our community members think about Verso and other stocks. Vote "Outperform" if you believe VRS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VRS will underperform the S&P 500 over the long term. You may vote once every thirty days.
Verso (NYSE:VRS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Verso in the last 12 months. Their average twelve-month price target is $28.00, suggesting that the stock has a possible upside of 39.86%. The high price target for VRS is $30.00 and the low price target for VRS is $26.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Strong Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
1 Strong Buy Rating(s) |
| Consensus Price Target: | $28.00 | $27.00 | $21.00 | $15.50 |
| Price Target Upside: | 39.86% upside | 54.82% upside | 25.22% upside | 71.46% upside |
Verso (NYSE:VRS) Consensus Price Target History
Verso (NYSE:VRS) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/10/2018 | B. Riley | Set Price Target | Buy | $26.00 | Low |  |
| 3/9/2018 | BWS Financial | Boost Price Target | Buy | $30.00 | Low | |
(Data available from 5/25/2016 forward)
Verso (NYSE:VRS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Verso (NYSE VRS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.20%
Institutional Ownership Percentage: 82.99%
Verso (NYSE VRS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/26/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 100,000 | $17.32 | $1,732,000.00 | | |
| 2/23/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 100,000 | $17.29 | $1,729,000.00 | | |
| 2/21/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 347,573 | $17.35 | $6,030,391.55 | | |
| 2/16/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 60,000 | $17.15 | $1,029,000.00 | | |
| 1/12/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 50,000 | $16.43 | $821,500.00 | | |
| 1/10/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 125,000 | $16.91 | $2,113,750.00 | | |
| 1/5/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 798,849 | $16.74 | $13,372,732.26 | | |
| 1/3/2018 | Mudrick Capital Management, L. | Major Shareholder | Sell | 312,746 | $16.63 | $5,200,965.98 | | |
| 11/21/2016 | Robert M. Amen | Director | Sell | 2,636 | $5.35 | $14,102.60 | | |
| 8/29/2016 | Allen James Campbell | CFO | Buy | 15,000 | $6.09 | $91,350.00 | | |
| 5/22/2015 | Peter H Kesser | SVP | Buy | 70,000 | $1.01 | $70,700.00 | | |
| 3/12/2014 | Michael A Weinhold | SVP | Buy | 10,000 | $2.21 | $22,100.00 | | |
| 3/11/2014 | Robert P Mundy | CFO | Buy | 10,000 | $2.05 | $20,500.00 | | |
| 12/12/2012 | Peter H Kesser | SVP | Buy | 20,000 | $1.08 | $21,600.00 | | |
| 8/24/2012 | Michael A Weinhold | SVP | Buy | 12,800 | $1.97 | $25,216.00 | | |
| 8/24/2012 | Robert P Mundy | CFO | Buy | 19,700 | $1.80 | $35,460.00 | | |
| 8/23/2012 | Michael A Weinhold | SVP | Buy | 6,000 | $1.64 | $9,840.00 | | |
| 8/20/2012 | Peter H Kesser | SVP | Buy | 8,510 | $1.50 | $12,765.00 | | |
(Data available from 1/1/2013 forward)
Verso (NYSE VRS) News Headlines
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Verso (NYSE:VRS) SEC Filings
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Verso (NYSE:VRS) Income Statement, Balance Sheet and Cash Flow Statement
Verso (NYSE VRS) Stock Chart for Friday, May, 25, 2018
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