Key Details
Price
$107.12Last Dividend
$0.09TTM Dividend Yield
0.17%Annual ROE
36.25%Beta
0.75Events Calendar
Next earnings date:
Feb 07, 2025Recent quarterly earnings:
Oct 23, 2024Recent annual earnings:
Feb 06, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Sept 27, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
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Veralto Corporation, a top company in water and product quality solutions, has announced a $15 million investment to acquire a minority stake in Axine Water Technologies. This company specializes in electrochemical oxidation technology that helps eliminate contaminants. The partnership aims to enhance efforts in protecting vital resources.
I have a positive outlook on Veralto because of strong demand, growth in core sales, and increasing adjusted EBITDA margins. In the third quarter of 2024, the company reported $1.31 billion in revenue, a 4.6% increase in core sales, and improved margins, which resulted in higher earnings per share and an upgraded adjusted EPS forecast for the year. The WQ segment is experiencing significant growth, mainly due to the demand for chemical treatments.
Veralto (VLTO) is currently considered oversold, which means the intense selling might be coming to an end. Additionally, there is a strong consensus among Wall Street analysts to increase earnings forecasts, which could result in a change in the stock's direction.
WALTHAM, Mass., Oct. 23, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO), a worldwide leader in important water and product quality solutions focused on protecting essential resources, has released its results for the third quarter that ended on September 27, 2024.
WALTHAM, Mass., Oct. 3, 2024 /PRNewswire/ -- Veralto Corporation (NYSE: VLTO), a worldwide leader in important water and product quality solutions focused on protecting essential resources, has announced that it will stream its third quarter 2024 earnings conference call on Thursday, October 24, 2024, starting at 8:30 a.m.
WALTHAM, Mass., Sept. 24, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO), a leading company in water and product quality solutions focused on protecting vital resources, has announced that its board of directors has approved a quarterly cash dividend of $0.09 per share. This dividend will be paid on October 31, 2024, to shareholders who are on record as of the end of business on September 27, 2024.
Veralto Corporation (NYSE:VLTO ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Ryan Taylor - VP, IR Jennifer Honeycutt - President & CEO Sameer Ralhan - SVP & CFO Conference Call Participants Scott Davis - Melius Research Deane Dray - RBC Capital Markets Andrew Kaplowitz - Citigroup John McNulty - BMO Capital Markets Mike Halloran - Baird Brian Lee - Goldman Sachs Brad Hewitt - Wolfe Research Nathan Jones - Stifel Andrew Krill - Deutsche Bank Andrew Buscaglia - BNP Paribas Joe Giordano - TD Cowen Operator My name is Leo, and I will be your conference operator this morning. At this time, I would like to welcome everyone to Veralto Corporation's Second Quarter 2024 Conference Call.
WALTHAM, Mass. , July 25, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO) (the "Company"), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, announced results for the second quarter ended June 28, 2024.
New independent director brings extensive executive management and digital technology leadership WALTHAM, Mass. , July 16, 2024 /PRNewswire/ -- Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™, has appointed Vijay Sankaran to its board of directors.
VLTO is recommended as a buy due to its leading position in Water Quality and Product Quality & Innovation segments. Strong growth outlook for VLTO in both segments, supported by historical growth trends and margin expansion. WQ segment benefits from growth catalysts such as semiconductor demand and US government funding for water infrastructure.
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