Is Vestis Corp (NYSE: VSTS) The Best Stock To Invest In?

After Hours

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Stocks Info

Vestis Corp is listed on the NYSE in the Industrials sector while operating in the Rental & Leasing Services industry. The current market capitalization of Vestis Corp is $1.79B. A total of 0.74 million shares were traded on the day, compared to an average of 1.82M shares.

In the most recent transaction, Pertz Douglas A bought 54,468 shares of VSTS for 11.99 per share on May 24 ’24. After the transaction, the Director now owns 195,604 company shares. In a previous transaction on May 28 ’24, Pertz Douglas A bought 22,442 shares at 11.62 per share. VSTS shares that Director owns now total 218,046.

Among the insiders who bought shares, Shih Grant acquired of 800 shares on May 24 ’24 at a per-share price of $12.00. This resulted in the EVP and CTO holding 6,187 shares of VSTS after the transaction. In another insider transaction, Corvex Management LP bought 100,000 shares at $12.02 per share on May 24 ’24. Company shares held by the 10% Owner now total 17,007,877.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Vestis Corp pays an annual dividend of $0.10, resulting in a dividend yield of 0.77%, and it has a price to earnings (P/E) ratio of 15.24. VSTS’s most recent ex-dividend date was 9/13/2024 when it declared a $0.0350 quarterly dividend that was paid in cash on 10/3/2024. Previously, the company paid the dividend on 7/2/2024 with an ex-dividend date of 6/14/2024. The VSTS stock dividend was $0.0350 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, VSTS has a high of $22.37 and a low of $8.92.

As of this writing, VSTS has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $0.18 per share and a lower estimate of $0.07. The company reported an EPS of $0.55 in the last quarter

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $6.85, while its Total Shareholder’s Equity was $2.33B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.40.

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