Top investors say Vestis Corp (VSTS) ticks everything they need

With 3.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.72 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $12.71 whereas the lowest price it dropped to was $12.3. The 52-week range on VSTS shows that it touched its highest point at $22.37 and its lowest point at $8.92 during that stretch. It currently has a 1-year price target of $12.05. With its current market cap of 1.65 billion, VSTS has annualized dividend of $0.07 while the current yield stands at 0.56%.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VSTS was up-trending over the past week, with a rise of 23.07%, but this was down by -32.49% over a month. Three-month performance dropped to -33.60% while six-month performance fell -24.29%. For the next quarter, that number is 0.10. This implies an EPS growth rate of -64.53% for this year and 30.19% for next year.

Float and Shares Shorts:

At present, 131.43 million VSTS shares are outstanding with a float of 130.62 million shares on hand for trading. On 2024-04-30, short shares totaled 4.26 million, which was 324.0 higher than short shares on 1711584000. In addition to Ms. Kimberly T. Scott as the firm’s President, CEO & Director, Mr. Ricky T. Dillon serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 1.2144 of VSTS’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-29, VSTS reported revenue of $705368000.0 and operating income of $43054000.0. The EBITDA in the recently reported quarter was $78267000.0 and diluted EPS was $0.05.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VSTS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.