Veralto (VLTO) to Release Quarterly Earnings on Thursday

Veralto (NYSE:VLTO) will be issuing its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Veralto’s revenue for the quarter was up 1.7% compared to the same quarter last year. 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

NYSE VLTO opened at $100.44 on Wednesday. Veralto has a 52-week low of $65.51 and a 52-week high of $102.58. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The business has a 50 day simple moving average of $98.83 and a 200 day simple moving average of $90.68.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, June 28th.

Wall Street Analyst Weigh In

Several research analysts recently commented on VLTO shares. Stifel Nicolaus increased their target price on shares of Veralto from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Citigroup raised their price objective on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TD Cowen initiated coverage on Veralto in a report on Monday, June 17th. They set a “hold” rating and a $95.00 target price on the stock. Robert W. Baird raised their price target on Veralto from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $101.00 price objective on shares of Veralto in a research note on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Veralto has an average rating of “Moderate Buy” and a consensus target price of $97.08.

Insider Buying and Selling

In other news, SVP Mattias Bystrom sold 302 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now directly owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total value of $30,314.76. Following the transaction, the senior vice president now owns 34,045 shares of the company’s stock, valued at $3,417,437.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Melissa Aquino sold 8,041 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The disclosure for this sale can be found here. 0.31% of the stock is owned by company 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.