Vertiv's Earnings Estimates Raised By Analyst Amid Improved Margin Outlook
Vertiv's Earnings Estimates Raised By Analyst Amid Improved Margin Outlook
The analyst attributes the revision to potential industry-wide constraints, such as electricity availability and skilled labor shortages.BofA Securities analyst Andrew Obin reiterated the Buy rating on Vertiv Holdings (NYSE:VRT), with a price forecast of $150.
美國銀行證券分析師安德魯·奧賓重申了對vertiv holdings（紐交所：VRT）的買入評級，價格預測爲150美元。
Obin writes that, management has revised its organic revenue growth forecast to a 12%-14% CAGR from 2024 to 2029, up from a previous range of 8%-11%.
奧賓表示，管理層已將其有機營業收入增長預測從2024年到2029年的複合年增長率修訂爲12%-14%，高於之前的8%-11%區間。
This compares to BofA and consensus estimates of a 14% CAGR from 2024-2027.
這與美國銀行和市場共識的2024-2027年14%的複合年增長率相比。
The analyst attributes the revision to potential industry-wide constraints, such as electricity availability and skilled labor shortages.
分析師將這一修訂歸因於可能的行業板塊限制，例如電力供應和技術工人短缺。
Vertiv's capital expenditure is projected to increase, with capex rising to approximately 3.0% of revenue in 2025, up from 2.6% in 2024, indicating a continued acceleration of capacity expansions.
vertiv的資本支出預計將增加，預計到2025年資本支出將達到營業收入的約3.0%，高於2024年的2.6%，這表明產能擴張將持續加速。
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As of 3Q24, Vertiv's gross equipment assets grew by 25% year-over-year, the analyst writes.
截至2024年第三季度，vertiv的設備資產同比增長25%，分析師表示。
Management also guided for an adjusted operating margin of 25+% by 2029 (or sooner), an improvement from the previous target of 20+% by 2028.
管理層還預測到2029年（或更早）調整後的營業利潤率將達到25%以上，這一目標較之前的2028年20%以上的目標有所改善。
This enhanced margin outlook is despite an increase in R&D and capacity investment, which is now expected to reach $150-200 million per year, up from the previous $75-125 million range, Obin adds.
儘管研發和產能投資增加，預計每年的投資將達到15000-20000萬，高於之前的7500-12500萬區間，Obin補充道。
The analyst raised the 2025 adj. EPS estimate by $0.10 to $3.60 (+33% year over year), driven largely by faster revenue growth.
分析師將2025年調整後的每股收益（EPS）預估上調了0.10美元至3.60美元（同比增長33%），主要得益於更快的營業收入增長。
Obin raised the 2026 adj. EPS estimate by $0.15 to $4.40 (+22% year over year).
Obin將2026年調整後的每股收益（EPS）預估上調了0.15美元至4.40美元（同比增長22%）。
The analyst also raised the dividend forecast to reflect the 50% increase to $0.15/share annualized rate in conjunction with the Investor Day.
分析師還提高了股息預測，以反映在投資者日活動中，每股0.15美元的年化率提升了50%。
Price Action: VRT shares are trading higher by 10.9% to $136.49 at last check Tuesday.
價格行動：截至星期二最後一次檢查，VRt股票上漲了10.9%，至136.49美元。
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譯文內容由第三人軟體翻譯。
