Vertiv (NYSE:VRT – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07, Briefing.com reports. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS.
Vertiv Price Performance
Shares of NYSE VRT opened at $110.05 on Friday. The company’s 50-day moving average price is $92.37 and its 200 day moving average price is $89.83. The stock has a market cap of $41.20 billion, a price-to-earnings ratio of 105.82, a PEG ratio of 1.42 and a beta of 1.59. Vertiv has a 52 week low of $34.60 and a 52 week high of $116.41. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is currently 9.62%.
Analysts Set New Price Targets
Read Our Latest Stock Report on VRT
Insiders Place Their Bets
In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.01% of the stock is currently owned by company insiders.
Vertiv Company Profile
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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