Veralto (NYSE:VLTO – Get Free Report) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.73-0.78 for the period, compared to the consensus earnings per share estimate of $0.78. Veralto also updated its FY 2024 guidance to 3.200-3.300 EPS.
Analysts Set New Price Targets
A number of research firms have recently commented on VLTO. Stifel Nicolaus dropped their price objective on Veralto from $83.00 to $82.00 and set a buy rating on the stock in a research note on Tuesday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Veralto in a research note on Wednesday, January 10th. They issued a hold rating and a $79.00 price objective on the stock. Wolfe Research assumed coverage on Veralto in a research report on Wednesday, December 13th. They set a peer perform rating on the stock. Argus assumed coverage on Veralto in a report on Tuesday, January 9th. They set a buy rating and a $90.00 price objective on the stock. Finally, Royal Bank of Canada upped their price objective on Veralto from $78.00 to $91.00 and gave the stock a sector perform rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $87.63.
Veralto Trading Up 1.7 %
Veralto (NYSE:VLTO – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts predict that Veralto will post 3.18 earnings per share for the current year.
Veralto Announces Dividend
The business also recently announced a — dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a dividend yield of 0.43%.
Veralto Corporation provides water supply services. The company offers water treatment solutions that sources water to the consumers and back into the water cycle. It also provides printers, instruments, software, services, and consumables for color and appearance management, packaging design and quality management, packaging converting, printing, marking and coding, and traceability applications to food and beverage, consumer packaged goods, pharmaceutical, and industrial products.
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