NYSE:VRTV

Veritiv (VRTV) Stock Forecast, Price & News

$113.59

+6.37 (+5.94%)

(As of 06/2/2023 ET)

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Today's Range: $109.43
▼
$113.84
50-Day Range: $103.72
▼
$135.14
52-Week Range: $94.50
▼
$161.84

Volume: 105,230 shs
Average Volume: 128,858 shs
Market Capitalization: $1.54 billion

P/E Ratio: 4.90
Dividend Yield: 2.22%
Price Target: $162.00

Veritiv MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 42.6% 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: 1.45
Based on 5 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.

2.06 out of 5 stars

Basic Materials Sector

105th out of 164 stocks

Paper & Paper Products Industry

1st out of 1 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $162.00, Veritiv has a forecasted upside of 42.6% from its current price of $113.59.
Amount of Analyst Coverage
Veritiv has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
11.49% of the float of Veritiv has been sold short.
Short Interest Ratio / Days to Cover
Veritiv has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Veritiv has recently increased by 0.68%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Veritiv pays a meaningful dividend of 2.39%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Veritiv does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Veritiv is 10.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Veritiv will have a dividend payout ratio of 14.44% next year. This indicates that Veritiv will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Veritiv has received a -22.17% net impact score from Upright. The largest negative impact of Veritiv in category "GHG emissions" seems to be driven mostly by its "Truck freight transport services", "Wholesale of paperboard", "Wholesale of cosmetics packaging materials", "Supply chain management services", "Wholesale of copy paper", and "Wholesale of coated paper" products. See details.
Environmental Sustainability
The Environmental Impact score for Veritiv is -2.52.

3.0

News and Social Media Coverage

News Sentiment
Veritiv has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Veritiv this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for VRTV on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Veritiv insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $608,550.00 in company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Veritiv is held by insiders.
Percentage Held by Institutions
97.74% of the stock of Veritiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Veritiv are expected to decrease by -13.61% in the coming year, from $20.20 to $17.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veritiv is 4.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veritiv is 4.90, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 96.46.
Price to Earnings Growth Ratio
Veritiv has a PEG Ratio of 0.34. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Veritiv has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

May 31, 2023 | finance.yahoo.com

Should Value Investors Buy Veritiv (VRTV) Stock?

May 29, 2023 | finance.yahoo.com

Veritiv (NYSE:VRTV) pulls back 4.5% this week, but still delivers shareholders fantastic 106% CAGR over 3 years

June 3, 2023 | Behind the Markets (Ad)

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Veritiv (NYSE: VRTV)

May 24, 2023 | finance.yahoo.com

Veritiv to Present at the Stifel 2023 Cross Sector Insight Conference

May 21, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Veritiv (NYSE:VRTV)

May 17, 2023 | seekingalpha.com

Veritiv Corporation: Wait For The Right Opportunity

May 15, 2023 | americanbankingnews.com

Veritiv Co. (NYSE:VRTV) to Issue $0.63 Quarterly Dividend

June 3, 2023 | Legacy Research (Affiliate) (Ad)

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May 12, 2023 | msn.com

Veritiv's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

May 12, 2023 | finance.yahoo.com

Be Sure To Check Out Veritiv Corporation (NYSE:VRTV) Before It Goes Ex-Dividend

May 11, 2023 | finanznachrichten.de

Veritiv Corporation: Veritiv Announces First Quarter 2023 Financial Results, Reaffirms 2023 Guidance

May 11, 2023 | msn.com

Recap: Veritiv Q1 Earnings

May 11, 2023 | americanbankingnews.com

Veritiv (NYSE:VRTV) Shares Gap Up After Dividend Announcement

May 9, 2023 | finance.yahoo.com

Veritiv Announces First Quarter 2023 Financial Results, Reaffirms 2023 Guidance

May 8, 2023 | americanbankingnews.com

Veritiv (VRTV) Scheduled to Post Quarterly Earnings on Tuesday

May 1, 2023 | finance.yahoo.com

VRTV vs. KLBAY: Which Stock Should Value Investors Buy Now?

April 25, 2023 | finance.yahoo.com

Add 4 Stocks With Solid Net Profit Margin for Higher Returns

April 24, 2023 | americanbankingnews.com

Veritiv (NYSE:VRTV) Downgraded to "Buy" at StockNews.com

April 14, 2023 | finance.yahoo.com

VRTV or KLBAY: Which Is the Better Value Stock Right Now?

March 23, 2023 | finance.yahoo.com

Veritiv Corporation's (NYSE:VRTV) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

March 15, 2023 | finance.yahoo.com

What Makes Veritiv (VRTV) a New Buy Stock

March 9, 2023 | finance.yahoo.com

Veritiv Corporation (NYSE:VRTV) Q4 2022 Earnings Call Transcript

March 6, 2023 | msn.com

Veritiv (VRTV) Declares $0.63 Dividend

March 3, 2023 | finance.yahoo.com

Is It Smart To Buy Veritiv Corporation (NYSE:VRTV) Before It Goes Ex-Dividend?

March 1, 2023 | finance.yahoo.com

Veritiv (VRTV) Q4 Earnings Lag Estimates, Revenues Dip Y/Y

March 1, 2023 | finance.yahoo.com

Veritiv Full Year 2022 Earnings: Revenues Disappoint

See More Headlines

VRTV Price History

30 days | 90 days | 365 days | Advanced Chart

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
Today: 6/02/2023
Dividend Payable: 6/05/2023
Next Earnings (Estimated): 8/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Paper & paper products
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:VRTV
CUSIP: N/A
CIK: 1599489
Web: www.veritivcorp.com
Phone: (770) 391-8200
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: +42.6%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $23.18
Trailing P/E Ratio: 4.90
Forward P/E Ratio: 5.62
P/E Growth: 0.34
Net Income: $337.90 million
Net Margins: 4.83%
Pretax Margin: 6.43%
Return on Equity: 42.60%
Return on Assets: 14.59%

Debt

Debt-to-Equity Ratio: 0.28
Current Ratio: 2.16
Quick Ratio: 1.43

Sales & Book Value

Annual Sales: $7.15 billion
Price / Sales: 0.22
Cash Flow: $29.58 per share
Price / Cash Flow: 3.84
Book Value: $60.33 per share
Price / Book: 1.88

Miscellaneous

Outstanding Shares: 13,550,000
Free Float: 12,978,000
Market Cap: $1.54 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRTV Stock - Frequently Asked Questions

What is Veritiv's stock price forecast for 2023?: 0 analysts have issued 12 month price objectives for Veritiv's stock. Their VRTV share price forecasts range from $162.00 to $162.00. On average, they expect the company's share price to reach $162.00 in the next twelve months. This suggests a possible upside of 42.6% 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 beginning of the year. Since then, VRTV stock has decreased by 6.7% and is now trading at $113.59.
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 earnings results on Tuesday, May, 9th. The basic materials company reported $5.00 EPS for the quarter, beating the consensus estimate of $4.47 by $0.53. The basic materials company earned $1.51 billion during the quarter. Veritiv had a net margin of 4.83% and a trailing twelve-month return on equity of 42.60%.
How often does Veritiv pay dividends? What is the dividend yield for Veritiv?: Veritiv announced 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 yield of 2.22%. The ex-dividend date is Wednesday, May 17th.
Read our dividend analysis for VRTV.
What ETFs hold Veritiv's stock?: 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
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 2.39%. 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 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 institutional and retail 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 $113.59.
How much money does Veritiv make?: Veritiv (NYSE:VRTV) has a market capitalization of $1.54 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 6/3/2023 by MarketBeat.com Staff

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