Veritiv (VRTV) Stock Forecast, Price & News

0 Wall Street research analysts have issued 12-month price targets for Veritiv's stock. Their VRTV share price forecasts range from $162.00 to $162.00. On average, they expect the company's stock price to reach $162.00 in the next year. This suggests a possible upside of 50.4% from the stock's current price.
View analysts price targets for VRTV or view top-rated stocks among Wall Street analysts.

Veritiv's stock was trading at $121.71 at the beginning of the year. Since then, VRTV stock has decreased by 11.5% and is now trading at $107.68.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our VRTV earnings forecast.

Veritiv Co. (NYSE:VRTV) posted its quarterly earnings results on Tuesday, February, 28th. The basic materials company reported $5.20 earnings per share for the quarter, missing analysts' consensus estimates of $5.44 by $0.24. The basic materials company earned $1.66 billion during the quarter. Veritiv had a net margin of 4.83% and a trailing twelve-month return on equity of 42.60%.

Veritiv declared a quarterly dividend on Tuesday, May 9th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.63 per share on Monday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, May 17th.
Read our dividend analysis for VRTV.

ETFs with the largest weight of Veritiv (NYSE:VRTV) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco DWA SmallCap Momentum ETF (DWAS), Cambria Shareholder Yield ETF (SYLD), Invesco S&P SmallCap Industrials ETF (PSCI), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Quality ETF (XSHQ) and

Veritiv (NYSE:VRTV) pays an annual dividend of $2.52 per share and currently has a dividend yield of 2.34%. The dividend payout ratio is 10.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VRTV will have a dividend payout ratio of 14.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VRTV.

Veritiv issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $19.00-$22.00 for the period, compared to the consensus EPS estimate of $19.50. The company issued revenue guidance of -.

7 employees have rated Veritiv Chief Executive Officer Salvatore A. Abbate on Glassdoor.com. Salvatore A. Abbate has an approval rating of 100% among the company's employees. This puts Salvatore A. Abbate in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Veritiv investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), AutoZone (AZO), Designer Brands (DBI), NanoString Technologies (NSTG), Precision Drilling (PD) and Accenture (ACN).

Veritiv trades on the New York Stock Exchange (NYSE) under the ticker symbol "VRTV."

Veritiv's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.66%), Dimensional Fund Advisors LP (7.91%), State Street Corp (3.86%), Geode Capital Management LLC (1.83%), Charles Schwab Investment Management Inc. (1.61%) and Wasatch Advisors LP (1.41%). Insiders that own company stock include Bain Capital Investors Llc, Salvatore A Abbate and Stephen E Macadam.
View institutional ownership trends.

Shares of VRTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VRTV stock can currently be purchased for approximately $107.68.

Veritiv (NYSE:VRTV) has a market capitalization of $1.46 billion and generates $7.15 billion in revenue each year. The basic materials company earns $337.90 million in net income (profit) each year or $23.18 on an earnings per share basis.

The company employs 5,000 workers across the globe.

Veritiv's mailing address is 1000 Abernathy Road Ne Building 400 Suite 1700, ATLANTA GA, 30328. The official website for the company is www.veritivcorp.com. The basic materials company can be reached via phone at (770) 391-8200 or via email at investor@veritivcorp.com.