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VRS $26.99

VRS target price
26.99
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Verso Corporation
Type
Public company
Traded as NYSE:VRS
Industry Pulp and Paper
Founded 2006; 11 years ago (2006)
Headquarters Miamisburg, USA
Key people
David J. Paterson
Peter H. Kesser (CEO)
Products pulp, paper and process industries
Number of employees
5200
Parent Verso Paper Holdings LLC
Website versoco.com

Formerly based in Memphis, Tennessee, Verso Corporation (OTC Pink Current: VRS) is a North American producer of coated papers including coated groundwood, coated freesheet, supercalendered and specialty products. The company restructured in 2016 following Chapter 11 bankruptcy. Verso operates eight paper mills in the U.S.

The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper. In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange. In January 2015, Verso completed its acquisition of NewPage Holdings.

Verso Corporation filed for Chapter 11 bankruptcy on January 26, 2016. Six months later, the company emerged from bankruptcy after restructuring and reducing its debt by $2.4 billion. As of January 2017, the company moved its headquarters from Memphis to Miamisburg, Ohio in a consolidation of offices as the company set a goal of reducing its overhead expenses by 10 percent annually. In January 2017, B. Christopher DiSantis was appointed to become the chief executive officer (CEO) and a director of Verso effective as of February 1, 2017.

In 2008, Verso received the Environmental and Energy Achievement Award from the American Forest and Paper Association for its work with the Bucksport Environmental Innovation Partnership.

In 2010, Verso received the Sustainable Forestry Initiative (SFI) President's Award for its partnership efforts to promote sustainable forest management principles and initiatives in Maine.

In 2015, Verso Paper’s Quinnesec Mill was awarded the Michigan Voluntary Protection Program (MVPP) Star award by the Michigan Occupational Safety and Health Administration (MIOSHA) for the fifth time.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2022 2022-05-05 Future report Set alerts
Q4 2021 2022-02-28 0.45 0.45
Q3 2021 2021-11-05 1.96 1.96
Q2 2021 2021-08-06 0.58 0.58
Q1 2021 2021-05-07 0.00 0.00
Q4 2020 2021-02-25 0.00 0.00
Q3 2020 2020-11-09 -0.92 -0.92
Q2 2020 2020-08-06 -0.99 -0.99
Q1 2020 2020-05-11 1.52 1.52
Q4 2019 2020-03-02 3.87 4.04

Ratings

2010-04-13 Upgrade Credit Suisse Neutral to Outperform
2008-06-25 Initiated Credit Suisse Outperform $12
2008-06-24 Initiated Citigroup Buy
2010-04-13 Upgrade Credit Suisse Neutral to Outperform
2008-06-25 Initiated Credit Suisse Outperform $12
2008-06-24 Initiated Citigroup Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Verso Paper Management LP 67.74%  (36123998) VRS /
Mudrick Capital Management, L.P. 6.14%  (3276437) VRS /
JACKSON MICHAEL A President and CEO 1.16%  (617392) VRS /
Puckett L H 0.44%  (234685) VRS /
Mundy Robert P. Senior Vice President and CFO 0.43%  (231863) PKG / VRS /
Fellows Lyle J. Senior VP - Mfg and Energy 0.36%  (191695) VRS /
DiSantis B. Christopher President and CEO 0.35%  (185221) HDNG / VRS /
DUCEY MICHAEL E 0.18%  (96687) APO / OCIR / VRS /
Campbell Allen James SVP and CFO 0.16%  (86366) CPS / VRS /
OSKIN DAVID W 0.14%  (76687) RYN / VRS /
Weinhold Michael A. Sr VP - Sales/Mktg/Product Dev 0.13%  (71366) VRS /
Sawyer Kenneth D Vice President - HR 0.12%  (63110) VRS /
PATERSON DAVID J President and CEO 0.11%  (58504) KIOR / VRS /
Gutierrez Thomas 0.10%  (53497) GTAT / VRS /
KLEINMAN SCOTT 0.10%  (53497) APO / TAM / VRS /
PRESS ERIC 0.10%  (53497) ARI / VRS /
Sambur David 0.10%  (53497) VRS /
ZAKEN JORDAN C 0.06%  (32169) VRS /
SCHEIWE STEVEN D 0.04%  (22811) VRS /
Rayman Reed B 0.04%  (21328) VRS /
Carr Alan Jeffrey 0.04%  (20137) MPO / TDW / VRS /
SHUSTER JAY 0.04%  (20137) TIS / VRS /
DAVIS EUGENE I 0.04%  (20137) AAWW / CODE / GDP / GLF / GLPW / GSIG / HERO / HRG / JGW / SPB / USCR / VRS /
AMEN ROBERT M 0.04%  (20137) VRS /
Goldman Jerome Lester 0.04%  (20137) VRS /
St. John Adam SVP - Manufacturing 0.03%  (17068) VRS /
Hinchman Benjamin IV Vice President and CIO 0.01%  (5765) VRS /