Versant Announces Quarterly Dividend and Beats Earnings Estimates
1 report, 1 independent
Updated Tue 00:00
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What happened
Versant Corporation announced a quarterly dividend of $0.3750 per share, which represents a $1.50 annualized dividend and a 4.6% yield. The company also reported quarterly earnings of $0.34 per share, surpassing the consensus estimate of $0.03 by $0.31. Versant stock traded up $0.40 on November 3rd, reaching $32.74.
From themarketsdaily.com
Why it matters
The earnings beat and dividend declaration provide insight into Versant Corporation's financial health. The company reported $1.59 billion in revenue for the quarter, while analysts anticipate Versant will post 4.10 earnings per share for the current year.
From themarketsdaily.com
Who's involved
- Morgan StanleyInitiated coverage on Versant Corporation shares
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The entities involved
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Morgan Stanley
U.S. investment bank