Verso Co. (NYSE:VRS) – Analysts at BWS Financial decreased their Q1 2018 EPS estimates for Verso in a research note issued on Wednesday. BWS Financial analyst H. Khorsand now anticipates that the basic materials company will post earnings per share of $1.18 for the quarter, down from their prior forecast of $1.23. BWS Financial has a “Buy” rating and a $20.00 price objective on the stock.

Verso (NYSE:VRS) last announced its quarterly earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.15). Verso had a negative return on equity of 6.58% and a negative net margin of 2.35%. The firm had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $632.65 million.

A number of other brokerages also recently issued reports on VRS. ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Verso from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Sunday, January 21st. Finally, B. Riley increased their price target on shares of Verso from $11.25 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th.

Shares of Verso (NYSE:VRS) opened at $14.54 on Friday. Verso has a fifty-two week low of $3.17 and a fifty-two week high of $18.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 2.15.

In other news, major shareholder Mudrick Capital Management, L. sold 312,746 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $16.63, for a total value of $5,200,965.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,286,595 shares of company stock worth $21,508,948. Insiders own 4.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC bought a new position in shares of Verso in the second quarter worth approximately $104,000. Wells Fargo & Company MN bought a new position in shares of Verso in the third quarter worth approximately $130,000. Rhumbline Advisers bought a new position in shares of Verso in the second quarter worth approximately $166,000. Schwab Charles Investment Management Inc. bought a new position in shares of Verso in the second quarter worth approximately $275,000. Finally, California State Teachers Retirement System bought a new position in shares of Verso in the second quarter worth approximately $280,000. Institutional investors own 55.85% of the company’s stock.

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Verso Company Profile

Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.

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