Veralto (VLTO) to Release Earnings on Wednesday

Veralto (NYSE:VLTO) will be releasing its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Veralto to post earnings of $0.86 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Veralto (NYSE:VLTO) last announced its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. Veralto’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. On average, analysts expect Veralto to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Veralto Price Performance

Shares of VLTO opened at $112.88 on Wednesday. Veralto has a twelve month low of $65.51 and a twelve month high of $114.61. The company has a 50 day moving average of $110.22 and a two-hundred day moving average of $101.63. The company has a quick ratio of 1.70, a current ratio of 1.96 and a debt-to-equity ratio of 1.56. The company has a market cap of $27.86 billion and a price-to-earnings ratio of 35.39.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.32%. Veralto’s payout ratio is currently 11.29%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VLTO shares. The Goldman Sachs Group boosted their target price on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their target price on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Stifel Nicolaus boosted their target price on shares of Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, July 29th. BMO Capital Markets boosted their target price on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, UBS Group started coverage on shares of Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Veralto has a consensus rating of “Hold” and an average price target of $105.67.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total transaction of $84,750.15. Following the transaction, the senior vice president now directly owns 11,165 shares in the company, valued at approximately $1,256,620.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Veralto news, SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total value of $84,750.15. Following the transaction, the senior vice president now directly owns 11,165 shares in the company, valued at $1,256,620.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the transaction, the senior vice president now owns 31,045 shares in the company, valued at $3,287,355.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,039 shares of company stock worth $4,310,335. 0.31% of the stock is owned by insiders.

Veralto Company Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.