Veralto (NYSE:VLTO) Posts Earnings Results, Beats Estimates By $0.07 EPS

Veralto (NYSE:VLTOGet Free Report) released its earnings results on Tuesday. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07, reports. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue was up 3.2% on a year-over-year basis.

Veralto Stock Up 4.6 %

Veralto stock opened at $81.16 on Thursday. Veralto has a one year low of $65.51 and a one year high of $89.00. The company has a current ratio of 1.61, a quick ratio of 1.30 and a debt-to-equity ratio of 2.50. The business has a 50 day moving average of $78.16.

Veralto Announces Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were paid a $0.09 dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, December 28th.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VLTO. Wolfe Research began coverage on Veralto in a research report on Wednesday, December 13th. They issued a “peer perform” rating on the stock. Royal Bank of Canada began coverage on Veralto in a report on Friday, November 3rd. They set a “sector perform” rating and a $78.00 price target on the stock. Stifel Nicolaus reduced their price target on Veralto from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Vertical Research upgraded Veralto from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Monday, October 16th. Finally, Argus began coverage on Veralto in a report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.00.

Check Out Our Latest Research Report on VLTO

Veralto Company Profile

(Get Free Report)

Veralto Corporation provides water supply services. The company offers water treatment solutions that sources water to the consumers and back into the water cycle. It also provides printers, instruments, software, services, and consumables for color and appearance management, packaging design and quality management, packaging converting, printing, marking and coding, and traceability applications to food and beverage, consumer packaged goods, pharmaceutical, and industrial products.

Further Reading

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