Verso (NYSE:VRS) reported quarterly sales of $328.00 million which beat the analyst consensus estimate of $298.41 million by 9.92 percent. This is a 4.46 percent increase over sales of $314.00 million the same period last year.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/28/2021 | Top Pick → Neutral | BWS Financial | |
| 12/14/2021 | $30.00 → $35.00 | Buy | BWS Financial |
| 8/9/2021 | $18.00 → $20.00 | Buy → Neutral | B. Riley Securities |
BWS Financial downgraded Verso from Top Pick to Neutral
BWS Financial reiterated coverage of Verso with a rating of Buy and set a new price target of $35.00 from $30.00 previously
B. Riley Securities downgraded Verso from Buy to Neutral and set a new price target of $20.00 from $18.00 previously
4 - Verso Corp (0001421182) (Issuer)
4 - Verso Corp (0001421182) (Issuer)
4 - Verso Corp (0001421182) (Issuer)
Major Pulp and Paper Operation in Thunder Bay, Ontario Joins Atlas Holdings' Family of Leading Pulp, Paper and Converting Companies GREENWICH, Conn., Aug. 1, 2023 /PRNewswire/ - Atlas Holdings ("Atlas") announced today the closing of the previously announced acquisition of the pulp, newsprint and directory paper mill operations in Thunder Bay, Ontario ("Thunder Bay" or "Mill") from Resolute FP Canada Inc. by Atlas' affiliate, Thunder Bay Pulp and Paper Inc. Thunder Bay is a leading northern bleached softwood kraft and northern bleached hardwood kraft pulp, paper, newsprint an
MIAMISBURG, Ohio, March 29, 2022 /PRNewswire/ -- Verso Corporation (NYSE:VRS) ("Verso") today announced it has received necessary approvals from the Nuclear Regulatory Commission and the Public Service Commission of Wisconsin to complete its previously announced merger with BillerudKorsnäs AB ("BillerudKorsnäs"). Verso has now received all regulatory approvals necessary to complete the merger. The transaction is expected to close on March 31, 2022. About Verso VERSO CORPORATION is a leading producer of graphic, specialty and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso's graphic paper products are designed primarily for commercial printi
MIAMISBURG, Ohio, March 11, 2022 /PRNewswire/ -- Verso Corporation (NYSE:VRS) ("Verso") announced that, at a special meeting of stockholders held today, its stockholders voted to approve the previously announced merger with BillerudKorsnäs AB ("BillerudKorsnäs") as well as other related proposals. The merger proposal was supported by approximately 98.5% of votes cast, representing approximately 73% of outstanding shares of Verso's common stock. The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission. Verso and BillerudKorsnäs now expect the merger to close in
SC 13D/A - Verso Corp (0001421182) (Subject)
SC 13D/A - Verso Corp (0001421182) (Subject)
SC 13G/A - Verso Corp (0001421182) (Subject)
Verso Corporation (NYSE:VRS) ("Verso") announced that, at a special meeting of stockholders held today, its stockholders voted to approve the previously announced merger with BillerudKorsnäs AB ("BillerudKorsnäs") as well as other related proposals. The merger proposal was supported by approximately 98.5% of votes cast, representing approximately 73% of outstanding shares of Verso's common stock. The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission. Verso and BillerudKorsnäs now expect the merger to close in late-March or April of 2022, subject to the sati
Pulled from Benzinga Pro data, Verso (NYSE:VRS) posted Q4 earnings of $13.00 million, an increase from Q3 of 77.59%. Sales dropped to $328.00 million, a 3.24% decrease between quarters. Verso earned $58.00 million, and sales totaled $339.00 million in Q3. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q4, Verso posted an ROCE of 0.02%. It is
Verso Corp (NYSE:VRS) reported fourth-quarter FY21 sales growth of 4% year-on-year, to $328 million, beating the consensus of $298.4 million. Total company sales volume decreased from 392 thousand tons during Q4 FY20 to 341 thousand tons in Q4 FY21, primarily attributable to sold Duluth and idled Wisconsin Rapids mills. Verso incurred inflationary costs of $20 million driven by purchased pulp, latex, energy, and freight. The operating margin was 10.4%, and operating income for the quarter was $34 million versus $(118) million a year ago. Adjusted EBITDA was $74 million versus $9 million last year. Verso recorded a net income of $13 million in the quarter versus a loss of $(90) million
15-12B - Billerud Americas Corp (0001421182) (Filer)
S-8 POS - Billerud Americas Corp (0001421182) (Filer)
8-K - Verso Corp (0001421182) (Filer)
Major Pulp and Paper Operation in Thunder Bay, Ontario Joins Atlas Holdings' Family of Leading Pulp, Paper and Converting Companies GREENWICH, Conn., Aug. 1, 2023 /PRNewswire/ - Atlas Holdings ("Atlas") announced today the closing of the previously announced acquisition of the pulp, newsprint and directory paper mill operations in Thunder Bay, Ontario ("Thunder Bay" or "Mill") from Resolute FP Canada Inc. by Atlas' affiliate, Thunder Bay Pulp and Paper Inc. Thunder Bay is a leading northern bleached softwood kraft and northern bleached hardwood kraft pulp, paper, newsprint an
MIAMISBURG, Ohio, Jan. 28, 2021 /PRNewswire/ -- Verso Corporation (NYSE: VRS) today announced the appointment of Randy J. Nebel as President and Chief Executive Officer. Mr. Nebel has served as interim President and Chief Executive Officer since October 2020 and has been a member of Verso's Board of Directors since November 2019. "We are pleased that Randy has accepted our offer to transition from the interim role to a permanent position," said Chairman of the Board Sean Erwin. "His more than 40 years of knowledge in the paper and packaging industry, combined with his breadth of executive leadership experience, make him the right choice for this role." "Since becoming interim President an
MIAMISBURG, Ohio, Feb. 28, 2022 /PRNewswire/ -- Verso Corporation (NYSE:VRS) today reported financial results for the fourth quarter and full year of 2021. Fourth Quarter 2021 Highlights: Net sales of $328 million, a 4% increase over fourth quarter 2020 and a 3% decrease over third quarter 2021 Net income of $13 million compared to a net loss of $90 million in the fourth quarter of 2020 and net income of $58 million in the third quarter 2021 Adjusted EBITDA of $74 million compared to $9 million in the fourth quarter of 2020 and $67 million in the third quarter of 2021Overview"Thanks to the efforts of the Verso team, Verso delivered excellent safety results and solid financial performance in
MIAMISBURG, Ohio, Feb. 21, 2022 /PRNewswire/ -- Verso Corporation (NYSE:VRS) today announced that it will release its fourth quarter and full year 2021 financial results before the market opens on February 28, 2022. As announced on December 19, 2021, Verso has entered into a definitive merger agreement under which BillerudKorsnäs AB ("BillerudKorsnäs") has agreed to acquire all of the outstanding shares of Verso for a purchase price of $27.00 per share in cash. The proposed transaction is subject to the approval of Verso stockholders and the satisfaction of customary closing c
MIAMISBURG, Ohio, Nov. 5, 2021 /PRNewswire/ -- Verso Corporation (NYSE:VRS) today reported financial results for the third quarter of 2021 and announced that its Board of Directors has declared a quarterly cash dividend for the quarter ending December 31, 2021, in the amount of $0.10 per each outstanding share of Verso's Class A common stock. The quarterly cash dividend is payable on December 29, 2021 to Verso's stockholders of record holding shares of common stock at the close of business December 17, 2021. Third Quarter 2021 Highlights: Net sales of $339 million, an 11% increase over third quarter 2020 and a 3% increase over second quarter 2021 Net income of $58 million compared to a net l