Vertiv (NYSE:VRT – Get Free Report) issued its earnings results on Wednesday. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10, Briefing.com reports. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share.
Vertiv Stock Down 2.7 %
NYSE VRT traded down $2.13 on Thursday, hitting $76.46. The stock had a trading volume of 17,497,872 shares, compared to its average volume of 8,633,591. The business’s fifty day moving average price is $92.71 and its 200 day moving average price is $79.58. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. Vertiv has a 52-week low of $25.09 and a 52-week high of $109.27. The stock has a market cap of $28.62 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.58.
Vertiv Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is currently 9.62%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Vertiv
Insiders Place Their Bets
In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the transaction, the director now directly owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares in the company, valued at $752,296,488.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anders Karlborg sold 46,206 shares of Vertiv stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the sale, the executive vice president now owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,162,739 shares of company stock valued at $400,713,362. 5.01% of the stock is currently owned by insiders.
About Vertiv
Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
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