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
Stock Exchange NYSE
Industry Paper mills
Sub-IndustryN/A
SectorBasic Materials
Current SymbolNYSE:VRS
Previous Symbol
CUSIPN/A
Phone877-855-7243
Debt
Debt-to-Equity Ratio0.13
Current Ratio1.96
Quick Ratio0.82
Price-To-Earnings
Trailing P/E Ratio-35.04
Forward P/E Ratio7.44
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.46 billion
Price / Sales0.37
Cash Flow$2.7375 per share
Price / Cash9.60
Book Value$22.39 per share
Price / Book1.17
Profitability
EPS (Most Recent Fiscal Year)($0.75)
Net Income$-30,000,000.00
Net Margins4.61%
Return on Equity17.33%
Return on Assets6.48%
Miscellaneous
Employees4,200
Outstanding Shares34,550,000
Market Cap$945.03 million
OptionableOptionable
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 Corp (NYSE:VRS) issued its quarterly earnings results on Wednesday, November, 7th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.73 by $0.10. The basic materials company had revenue of $704 million for the quarter, compared to analyst estimates of $714.15 million. Verso had a return on equity of 17.33% and a net margin of 4.61%. View Verso's Earnings History.
When is Verso's next earnings date?
What guidance has Verso issued on next quarter's earnings?
Verso updated its fourth quarter 2018 earnings guidance on Wednesday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $700-720 million, compared to the consensus revenue estimate of $726.09 million.
What price target have analysts set for VRS?
2 Wall Street analysts have issued 12 month target prices for Verso's shares. Their predictions range from $47.00 to $50.00. On average, they anticipate Verso's stock price to reach $48.50 in the next twelve months. This suggests a possible upside of 84.6% from the stock's current price. View Analyst Price Targets for Verso.
What is the consensus analysts' recommendation for Verso?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verso in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Verso.
Has Verso been receiving favorable news coverage?
News headlines about VRS stock have trended positive recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Verso earned a coverage optimism score of 2.1 on InfoTrie's scale. They also gave media headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Verso?
Verso saw a increase in short interest in September. As of September 28th, there was short interest totalling 1,163,181 shares, an increase of 123.6% from the September 14th total of 520,143 shares. Based on an average daily volume of 539,223 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.4% of the company's stock are short sold. View Verso's Current Options Chain.
Who are some of Verso's key competitors?
Who are Verso's key executives?
Verso's management team includes the folowing people:
- Mr. B. Christopher DiSantis, Pres, CEO & Director (Age 46)
- Mr. Allen James Campbell, Sr. VP & CFO (Age 60)
- Mr. Kenneth D. Sawyer, Sr. VP of HR & Communications (Age 62)
- Mr. Adam St. John, Sr. VP of Manufacturing (Age 54)
- Mr. Michael A. Weinhold, Pres of Graphic & Specialty Papers (Age 53)
Who are Verso's major shareholders?
Verso's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.17%), JPMorgan Chase & Co. (4.11%), JPMorgan Chase & Co. (4.11%), Acadian Asset Management LLC (3.46%), MERIAN GLOBAL INVESTORS UK Ltd (1.23%) and Skylands Capital LLC (1.05%). Company insiders that own Verso stock include 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., Hsbc Holdings PLC, Acadian Asset Management LLC, Skylands Capital LLC, Renaissance Technologies LLC, GSA Capital Partners LLP, Wells Fargo & Company MN and Russell Investments Group Ltd.. View Insider Buying and Selling for Verso.
Which major investors are buying Verso stock?
VRS stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, MERIAN GLOBAL INVESTORS UK Ltd, JPMorgan Chase & Co., JPMorgan Chase & Co., Assenagon Asset Management S.A., Citadel Advisors LLC, ClariVest Asset Management LLC and Panagora Asset Management Inc.. 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 $26.28.
How big of a company is Verso?
Verso has a market capitalization of $945.03 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.
What is Verso's official website?
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 (NYSE 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.
