Veritiv - VRTV Stock Forecast, Price & News

0 brokerages have issued 1 year target prices 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 20.5% 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 shares have increased by 10.5% and is now trading at $134.46.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our VRTV earnings forecast.

Veritiv Co. (NYSE:VRTV) announced its quarterly earnings results on Wednesday, November, 3rd. The basic materials company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.86 by $0.68. The basic materials company had revenue of $1.77 billion for the quarter. Veritiv had a trailing twelve-month return on equity of 46.09% and a net margin of 4.73%. During the same period in the prior year, the company earned $1.30 EPS.

Veritiv announced a quarterly dividend on Tuesday, February 28th. Shareholders of record on Thursday, March 9th will be paid a dividend of $0.63 per share on Friday, March 31st. This represents a $2.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, March 8th.
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), Pacer US Small Cap Cash Cows 100 ETF (CALF) and Invesco S&P SmallCap Quality ETF (XSHQ).

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 10.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VRTV will have a dividend payout ratio of 14.61% 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 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $19.00-$22.00 for the period, compared to the consensus estimate of $16.80. 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 number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (8.33%), Geode Capital Management LLC (1.76%), Charles Schwab Investment Management Inc. (1.64%), Deutsche Bank AG (1.41%), Fuller & Thaler Asset Management Inc. (1.23%) and Bank of America Corp DE (1.19%). Insiders that own company stock include Bain Capital Investors Llc, Mary A Laschinger, 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 $134.46.

Veritiv (NYSE:VRTV) has a market capitalization of $1.82 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 $23.30 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.