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NYSE:VRTV

Veritiv - VRTV Stock Forecast, Price & News

$117.89
+1.45 (+1.25%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$115.84
$118.22
50-Day Range
$109.82
$141.84
52-Week Range
$85.57
$161.10
Volume
114,091 shs
Average Volume
108,199 shs
Market Capitalization
$1.59 billion
P/E Ratio
5.42
Dividend Yield
2.16%
Price Target
$126.00

Veritiv MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
6.9% Upside
$126.00 Price Target
Short Interest
Bearish
10.85% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
0.42mentions of Veritiv in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-28.51%
From $23.50 to $16.80 Per Share

Overall MarketRank

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

1.32 out of 5 stars

Basic Materials Sector

151st out of 162 stocks

Paper & Paper Products Industry

1st out of 1 stocks


VRTV stock logo

About Veritiv (NYSE:VRTV) Stock

Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing). The Packaging segment provides packaging product materials within flexible, corrugated and fiber, ancillary packaging, rigid, and equipment categories. The Facility Solutions segment sources and sells cleaning, break-room, and other supplies in various product categories that include towels and tissues, food service, personal protective equipment, cleaning chemicals, and skincare, as well as re-merchandising, budgeting and compliance reporting, and inventory management services. The Print segment sells and distributes commercial printing, writing, copying, digital, specialty products, and graphics consumables. The Publishing segment sells and distributes 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. This segment also provides print management, procurement, and supply chain management solutions. The company also provides transportation and warehousing solutions. It serves manufacturing, food and beverage, wholesale and retail, healthcare, transportation, property management, higher education, entertainment and hospitality, commercial printing, and publishing sectors. As of December 31, 2021, the company operated 115 distribution centers. Veritiv Corporation was incorporated in 2013 and is headquartered in Atlanta, Georgia.

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VRTV Stock News Headlines

Hot craft spirits opportunity you don't want to miss
Award winning products. Global distribution. New distillery. New products.pixel
Is Veritiv (VRTV) Stock Undervalued Right Now?
Top 5 Momentum Stocks to Gain From a Possible Santa Rally
Best Momentum Stock to Buy for December 16th
Hot craft spirits opportunity you don't want to miss
Award winning products. Global distribution. New distillery. New products.pixel
Veritiv Announces CFO Transition
See More Headlines
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VRTV Company Calendar

Last Earnings
11/08/2022
Ex-Dividend for 12/19 Dividend
11/17/2022
Dividend Payable
12/19/2022
Today
1/26/2023
Next Earnings (Estimated)
3/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Paper & paper products
Sub-Industry
N/A
Fax
N/A
Employees
6,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$126.00
High Stock Price Forecast
$126.00
Low Stock Price Forecast
$126.00
Forecasted Upside/Downside
+6.9%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$144.60 million
Pretax Margin
5.61%

Debt

Sales & Book Value

Annual Sales
$6.85 billion
Cash Flow
$13.60 per share
Book Value
$42.61 per share

Miscellaneous

Free Float
12,957,000
Market Cap
$1.59 billion
Optionable
Optionable
Beta
2.15

Key Executives

  • Mr. Salvatore A. Abbate (Age 54)
    CEO & Director
    Comp: $2.73M
  • Mr. Stephen J. Smith (Age 59)
    Sr. VP & CFO
    Comp: $1.61M
  • Ms. Karen K. Renner (Age 61)
    Sr. VP & Chief Information Officer
    Comp: $1.11M
  • Mr. Daniel J. Watkoske (Age 54)
    Sr. VP of Print Solutions
    Comp: $1.41M
  • Mr. Michael D. Walkenhorst (Age 44)
    Sr. VP of Developing Bus.es & Global Operations
  • Mr. Andrew E. Magley (Age 52)
    Chief Accounting Officer
  • Scott Palfreeman CPA
    VP of Fin. & Investor Relations
  • Ms. Susan B. Salyer (Age 52)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Peter C. Troup
    VP of Corp. Devel.
  • Mr. Daniel B. Calderwood (Age 42)
    Sr. VP of Marketing & Bus. Management













VRTV Stock - Frequently Asked Questions

What is Veritiv's stock price forecast for 2023?

0 Wall Street research analysts have issued 1 year price targets for Veritiv's stock. Their VRTV share price forecasts range from $126.00 to $126.00. On average, they anticipate the company's stock price to reach $126.00 in the next twelve months. This suggests a possible upside of 6.9% 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 shares have decreased by 3.1% and is now trading at $117.89.
View the best growth stocks for 2023 here
.

Are investors shorting Veritiv?

Veritiv saw a increase in short interest during 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 daily trading volume, of 104,900 shares, the short-interest ratio is presently 13.3 days. Currently, 10.9% of the company's shares are sold short.
View Veritiv's Short Interest
.

When is Veritiv's next earnings date?

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

How were Veritiv's earnings last quarter?

Veritiv Co. (NYSE:VRTV) released its quarterly earnings results on Tuesday, November, 8th. The basic materials company reported $5.82 earnings per share for the quarter, topping 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%.

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

Veritiv declared a quarterly dividend on Tuesday, November 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 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 2.16%. 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.

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

Veritiv issued an update on 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 estimate of $21.51. 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 a variety of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%), SummerHaven Investment Management LLC (0.05%), Louisiana State Employees Retirement System (0.05%) and Maryland State Retirement & Pension System (0.04%). Insiders that own company stock include Bain Capital Investors Llc, Daniel J Watkoske, Mary A Laschinger 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 $117.89.

How much money does Veritiv make?

Veritiv (NYSE:VRTV) has a market capitalization of $1.59 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.

How many employees does Veritiv have?

The company employs 6,100 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 1/26/2023 by MarketBeat.com Staff