Vertiv (NYSE:VRT – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07, Briefing.com reports. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis.
Vertiv Trading Up 1.6 %
Vertiv stock opened at $110.05 on Friday. The stock has a market cap of $41.20 billion, a PE ratio of 105.82, a P/E/G ratio of 1.42 and a beta of 1.59. The stock has a 50-day moving average price of $92.37 and a 200 day moving average price of $89.83. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 9.62%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on VRT
Insider Buying and Selling
In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated 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 completion of the sale, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.01% of the stock is currently owned by company 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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