Versant Corporation (VSNT) to Issue Quarterly Dividend of $0.38 on October 22nd

by · The Cerbat Gem

Versant Corporation (NASDAQ:VSNT – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.3750 per share on Thursday, October 22nd. This represents a $1.50 annualized dividend and a yield of 4.6%. The ex-dividend date is Thursday, October 1st.

Versant Stock Performance

Shares of VSNT opened at $32.46 on Tuesday. The business has a 50-day simple moving average of $37.42 and a two-hundred day simple moving average of $38.41. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.35. Versant has a 52 week low of $27.17 and a 52 week high of $59.00. The stock has a market cap of $4.51 billion and a price-to-earnings ratio of 9.33.

Versant (NASDAQ:VSNT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10. The company had revenue of $1.64 billion for the quarter. On average, analysts expect that Versant will post 4.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VSNT. TD Cowen increased their price target on Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price objective for the company in a research report on Friday, July 17th. Weiss Ratings cut Versant from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 9th. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Citigroup initiated coverage on Versant in a research report on Thursday, September 24th. They issued a “buy” rating and a $41.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $43.00.

Read Our Latest Stock Analysis on VSNT

About Versant

(Get Free Report)

Versant, Inc is a media and entertainment company formed through the separation of certain cable television and digital media assets from Comcast. The company operates a portfolio of entertainment, news, sports and lifestyle brands serving audiences in the United States and internationally through television networks, digital platforms and related content services.

Versant’s portfolio includes USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel, along with digital properties such as Fandango and Rotten Tomatoes.

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