Veritiv - VRTV Stock Forecast, Price & News

0 Wall Street research analysts have issued 1-year target prices for Veritiv's stock. Their VRTV share price forecasts range from $126.00 to $126.00. On average, they predict the company's share price to reach $126.00 in the next year. This suggests that the stock has a possible downside of 14.1%.
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 2023. Since then, VRTV stock has increased by 20.5% and is now trading at $146.72.
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Veritiv saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,390,000 shares, an increase of 19.8% from the December 31st total of 1,160,000 shares. Based on an average trading volume of 104,900 shares, the days-to-cover ratio is presently 13.3 days. Currently, 10.9% of the company's shares are short sold.
View Veritiv's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our VRTV earnings forecast.

Veritiv Co. (NYSE:VRTV) issued its quarterly earnings results on Tuesday, November, 8th. The basic materials company reported $5.82 EPS for the quarter, beating the consensus estimate of $5.11 by $0.71. The basic materials company earned $1.80 billion during the quarter. Veritiv had a trailing twelve-month return on equity of 45.97% and a net margin of 4.40%.

Veritiv declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Friday, November 18th will be given a dividend of $0.63 per share on Monday, December 19th. This represents a $2.52 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, November 17th.
Read our dividend analysis for VRTV.

Veritiv (NYSE:VRTV) pays an annual dividend of $2.52 per share and currently has a dividend yield of 1.94%. The dividend payout ratio is 11.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VRTV will have a dividend payout ratio of 15.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VRTV.

Veritiv updated its FY 2022 earnings guidance on Thursday, December, 8th. The company provided earnings per share (EPS) guidance of $22.00-$23.50 for the period, compared to the consensus earnings per share estimate of $21.51. 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 investors include New York State Teachers Retirement System (0.18%), Janney Montgomery Scott LLC (0.14%), State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%) and SummerHaven Investment Management LLC (0.05%). Insiders that own company stock include Bain Capital Investors Llc, Daniel J Watkoske, Mary A Laschinger 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 $146.72.

Veritiv (NYSE:VRTV) has a market capitalization of $1.98 billion and generates $6.85 billion in revenue each year. The basic materials company earns $144.60 million in net income (profit) each year or $21.77 on an earnings per share basis.

The company employs 6,100 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.