Versant Corporation (NASDAQ:VSNT) Stock to Pay Quarterly Dividend of $0.38

by · The Markets Daily

Versant Corporation (NASDAQ:VSNT – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Monday, January 4th will be paid a dividend of $0.3750 per share on Monday, January 25th. This represents a $1.50 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, January 4th.

Versant Price Performance

Shares of Versant stock traded up $0.40 during trading on Tuesday, reaching $32.74. 4,175,288 shares of the company’s stock were exchanged, compared to its average volume of 2,699,791. The company has a market cap of $4.54 billion and a P/E ratio of 9.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38. Versant has a 1-year low of $27.17 and a 1-year high of $59.00. The firm’s 50-day moving average price is $34.37 and its 200 day moving average price is $36.26.

Versant (NASDAQ:VSNT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The company had revenue of $1.59 billion during the quarter. As a group, research analysts anticipate that Versant will post 4.10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VSNT shares. Weiss Ratings lowered Versant from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. TD Cowen increased their price objective on shares of Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Arete Research raised shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 target price for the company in a research note on Friday, July 17th. Morgan Stanley started coverage on shares of Versant in a report on Thursday, October 15th. They issued an “equal weight” rating and a $38.00 target price on the stock. Finally, Zacks Research raised shares of Versant from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.29.

View Our Latest Stock Analysis on Versant

About Versant

(Get Free Report)

Versant, Inc (NASDAQ: VSNT) is a media and entertainment company formed from selected cable television and digital assets formerly owned by Comcast’s NBCUniversal division. The company develops, produces, distributes and markets entertainment, news, sports and lifestyle content across television networks and digital platforms.

Versant’s portfolio includes USA Network, E!, SYFY, Oxygen, Golf Channel and related digital properties. Its assets also include Fandango and Rotten Tomatoes, which provide movie-ticketing, entertainment information and media-review services.

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