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As of close of business last night, Vestis Corp’s stock clocked out at $11.65, down -4.74% from its previous closing price of $12.23. In other words, the price has decreased by -$4.74 from its previous closing price. On the day, 2.34 million shares were traded. VSTS stock price reached its highest trading level at $12.59 during the session, while it also had its lowest trading level at $11.58.
Ratios:
To gain a deeper understanding of VSTS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.74.
On May 07, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $13.40.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 28 ’24 when Pertz Douglas A bought 22,442 shares for $11.62 per share. The transaction valued at 260,706 led to the insider holds 218,046 shares of the business.
Corvex Management LP bought 100,000 shares of VSTS for $1,202,000 on May 24 ’24. The 10% Owner now owns 17,007,877 shares after completing the transaction at $12.02 per share. On May 24 ’24, another insider, Pertz Douglas A, who serves as the Director of the company, bought 54,468 shares for $11.99 each. As a result, the insider paid 653,055 and bolstered with 195,604 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VSTS now has a Market Capitalization of 1531404160 and an Enterprise Value of 3120813824. Its current Enterprise Value per Revenue stands at 1.096 whereas that against EBITDA is 8.47.
Stock Price History:
Over the past 52 weeks, VSTS has reached a high of $22.37, while it has fallen to a 52-week low of $8.92. The 50-Day Moving Average of the stock is -12.11%, while the 200-Day Moving Average is calculated to be -32.04%.
Shares Statistics:
It appears that VSTS traded 2.88M shares on average per day over the past three months and 1929020 shares per day over the past ten days. A total of 131.43M shares are outstanding, with a floating share count of 130.50M. Insiders hold about 0.72% of the company’s shares, while institutions hold 108.51% stake in the company. Shares short for VSTS as of 1718323200 were 4423786 with a Short Ratio of 1.54, compared to 1715731200 on 2517279. Therefore, it implies a Short% of Shares Outstanding of 4423786 and a Short% of Float of 3.7800000000000002.
Dividends & Splits
With its trailing 12-month dividend rate of 0.07, VSTS has a forward annual dividend rate of 0.11. Against a Trailing Annual Dividend Yield of 0.0057236305
Earnings Estimates
Vestis Corp (VSTS) is currently under the scrutiny of 8 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.09, while EPS last year was $0.55. The consensus estimate for the next quarter is $0.13, with high estimates of $0.15 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.64 and $0.54 for the fiscal current year, implying an average EPS of $0.59. EPS for the following year is $0.8, with 9.0 analysts recommending between $0.97 and $0.67.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $697.08M. There is a high estimate of $701M for the next quarter, whereas the lowest estimate is $691.56M.
A total of 9 analysts have provided revenue estimates for VSTS’s current fiscal year. The highest revenue estimate was $2.82B, while the lowest revenue estimate was $2.8B, resulting in an average revenue estimate of $2.81B. In the same quarter a year ago, actual revenue was $2.83BBased on 9 analysts’ estimates, the company’s revenue will be $2.88B in the next fiscal year. The high estimate is $2.94B and the low estimate is $2.82B.
