Taking On Challenges And Growing? – Vestis Corp (VSTS)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Vestis Announces Completion of Refinancing Transaction.

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Stocks Info

This NYSE-listed company operates within the Rental & Leasing Services industry segment, falling under the Industrials sector. The current market capitalization of Vestis Corp is $2.51B. A total of 1.43 million shares were traded on the day, compared to an average of 1.66M shares.

In the most recent transaction, Scott Kim bought 15,000 shares of VSTS for 19.14 per share on Feb 09 ’24. After the transaction, the President and CEO now owns 183,131 company shares. In a previous transaction on Dec 15 ’23, Pertz Douglas A bought 5,120 shares at 19.60 per share. VSTS shares that Director owns now total 23,697.

Among the insiders who bought shares, Pertz Douglas A acquired of 5,250 shares on Dec 14 ’23 at a per-share price of $19.10. This resulted in the Director holding 18,577 shares of VSTS after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. VSTS’s most recent ex-dividend date was 3/14/2024 when it declared a $0.0350 quarterly dividend that was paid in cash on 4/4/2024. Previously, the company paid the dividend on 1/4/2024 with an ex-dividend date of 12/14/2023. The VSTS stock dividend was $0.0350 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, VSTS has a high of $22.37 and a low of $13.83.

As of this writing, VSTS has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.19. The company reported an EPS of $0.55 in the last quarter, which was 71.90% higher than expectations of $0.32.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. VSTS’s latest balance sheet shows that the firm has $41.11M in Cash & Short Term Investments as of fiscal 2021. There were $181.58M in debt and $383.32M in liabilities at the time. Its Book Value Per Share was $6.88, while its Total Shareholder’s Equity was $2.33B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VSTS is Buy with a score of 4.25.

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