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Veritiv (VRTV) Stock Forecast, Price & News

$119.81
+4.47 (+3.88%)
(As of 06/7/2023 ET)
Compare
Today's Range
$116.79
$121.12
50-Day Range
$103.72
$135.14
52-Week Range
$94.50
$161.84
Volume
105,326 shs
Average Volume
127,888 shs
Market Capitalization
$1.62 billion
P/E Ratio
5.17
Dividend Yield
2.10%
Price Target
$162.00

Veritiv MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
35.2% Upside
$162.00 Price Target
Short Interest
Bearish
11.49% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
1.67mentions of Veritiv in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$608,550 Sold Last Quarter
Proj. Earnings Growth
-13.61%
From $20.20 to $17.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Basic Materials Sector

99th out of 164 stocks

Paper & Paper Products Industry

1st out of 1 stocks


VRTV stock logo

About Veritiv (NYSE:VRTV) Stock

Veritiv Corp. operates as a business-to-business distributor of print, publishing, packaging, facility solutions, print and publishing products and services. The firm provides logistics and supply chain management solutions to its customers. It operates through the following segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment primarily in the U.S., Canada, and Mexico. The Publishing segment is involved in the sale and distribution of coated and uncoated commercial printing papers to publishers, retailers, converters, printers, and specialty businesses for use in magazines, catalogs, books, directories, gaming, couponing, retail inserts and direct mail. The Packaging segment provides standard as well as custom and comprehensive packaging solutions for customers based in North America and in key global markets. The Facility Solutions segment sources and sells cleaning, break-room and other supplies such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sani

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VRTV Stock News Headlines

Should Value Investors Buy Veritiv (VRTV) Stock?
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Veritiv (NYSE: VRTV)
StockNews.com Begins Coverage on Veritiv (NYSE:VRTV)
Veritiv Co. (NYSE:VRTV) to Issue $0.63 Quarterly Dividend
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Recap: Veritiv Q1 Earnings
Veritiv (NYSE:VRTV) Downgraded to "Buy" at StockNews.com
What Makes Veritiv (VRTV) a New Buy Stock
Veritiv Full Year 2022 Earnings: Revenues Disappoint
See More Headlines

VRTV Price History

VRTV Company Calendar

Ex-Dividend for 3/31 Dividend
3/08/2023
Dividend Payable
3/31/2023
Last Earnings
5/09/2023
Ex-Dividend for 6/5 Dividend
5/17/2023
Dividend Payable
6/05/2023
Today
6/07/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Paper & paper products
Sub-Industry
N/A
Fax
N/A
Employees
5,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$162.00
High Stock Price Forecast
$162.00
Low Stock Price Forecast
$162.00
Forecasted Upside/Downside
+35.2%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$337.90 million
Pretax Margin
6.43%

Debt

Sales & Book Value

Annual Sales
$7.15 billion
Cash Flow
$30.18 per share
Book Value
$56.08 per share

Miscellaneous

Free Float
12,978,000
Market Cap
$1.62 billion
Optionable
Optionable
Beta
2.18

Key Executives

  • Salvatore A. Abbate
    CEO, Director & Chief Operating Officer
  • Eric J. Guerin
    Chief Financial Officer & Senior Vice President
  • Karen K. Renner
    Chief Information Officer & Senior Vice President
  • Susan B. Salyer
    Secretary, General Counsel & Senior Vice President
  • Dean A. Adelman
    Chief Human Resources Officer & Senior VP













VRTV Stock - Frequently Asked Questions

What is Veritiv's stock price forecast for 2023?

0 brokers have issued 12-month price targets for Veritiv's shares. 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 twelve months. This suggests a possible upside of 35.2% from the stock's current price.
View analysts price targets for VRTV
or view top-rated stocks among Wall Street analysts.

How have VRTV shares performed in 2023?

Veritiv's stock was trading at $121.71 at the start of the year. Since then, VRTV stock has decreased by 1.6% and is now trading at $119.81.
View the best growth stocks for 2023 here
.

When is Veritiv's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our VRTV earnings forecast
.

How were Veritiv's earnings last quarter?

Veritiv Co. (NYSE:VRTV) announced its quarterly earnings results on Tuesday, May, 9th. The basic materials company reported $5.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.53. The basic materials company earned $1.51 billion during the quarter. Veritiv had a trailing twelve-month return on equity of 42.60% and a net margin of 4.83%.

How often does Veritiv pay dividends? What is the dividend yield for Veritiv?

Veritiv announced a quarterly dividend on Tuesday, May 9th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.63 per share on Monday, June 5th. This represents a $2.52 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, May 17th.
Read our dividend analysis for VRTV
.

Is Veritiv a good dividend stock?

Veritiv (NYSE:VRTV) pays an annual dividend of $2.52 per share and currently has a dividend yield of 2.31%. 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.

What guidance has Veritiv issued on next quarter's earnings?

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

What is Salvatore A. Abbate's approval rating as Veritiv's CEO?

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.

What other stocks do shareholders of Veritiv own?

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).

What is Veritiv's stock symbol?

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

Who are Veritiv's major shareholders?

Veritiv's stock is owned by many different retail and institutional investors. Top institutional investors 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
.

How do I buy shares of Veritiv?

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.
Compare Top Brokerages Here.

What is Veritiv's stock price today?

One share of VRTV stock can currently be purchased for approximately $119.81.

How much money does Veritiv make?

Veritiv (NYSE:VRTV) has a market capitalization of $1.62 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.

How many employees does Veritiv have?

The company employs 5,000 workers across the globe.

How can I contact Veritiv?

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.

This page (NYSE:VRTV) was last updated on 6/7/2023 by MarketBeat.com Staff

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