Veralto (VLTO) Expected to Announce Quarterly Earnings on Tuesday

Veralto (NYSE:VLTO) is anticipated to announce its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.87 per share and revenue of $1.28 billion for the quarter. Veralto has set its FY 2025 guidance at 3.600-3.700 EPS and its Q1 2025 guidance at 0.840-0.880 EPS.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, analysts expect Veralto to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Veralto Stock Performance

VLTO stock opened at $90.64 on Tuesday. The company has a market capitalization of $22.48 billion, a P/E ratio of 27.14, a PEG ratio of 4.24 and a beta of 0.97. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $96.63 and a 200 day simple moving average of $102.28. Veralto has a fifty-two week low of $83.87 and a fifty-two week high of $115.00.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio is currently 13.17%.

Insider Buying and Selling at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,471 shares of company stock valued at $2,234,030. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Veralto

A hedge fund recently raised its stake in Veralto stock. Brighton Jones LLC lifted its position in Veralto Co. (NYSE:VLTO) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,459 shares of the company’s stock after buying an additional 479 shares during the quarter. Brighton Jones LLC’s holdings in Veralto were worth $352,000 as of its most recent filing with the SEC. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Citigroup dropped their price objective on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Stifel Nicolaus decreased their target price on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.90.

About Veralto

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.