$0.19 Earnings Per Share Expected for Verra Mobility Corp (NASDAQ:VRRM) This Quarter

Wall Street brokerages predict that Verra Mobility Corp (NASDAQ:VRRM) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Verra Mobility’s earnings, with estimates ranging from $0.16 to $0.21. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that Verra Mobility will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.90. For the next fiscal year, analysts expect that the business will report earnings of $0.92 per share, with EPS estimates ranging from $0.76 to $1.10. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Verra Mobility.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Monday, May 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $98.46 million during the quarter, compared to analysts’ expectations of $91.60 million.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday. ValuEngine downgraded shares of Zogenix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 11th. BTIG Research assumed coverage on shares of Verra Mobility in a research report on Wednesday, March 27th. They issued a “buy” rating and a $15.00 price target for the company. Bank of America reduced their price target on shares of ManpowerGroup from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Robert W. Baird set a $25.00 price target on shares of Actuant and gave the company a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.90.

In other Verra Mobility news, Director Platinum Equity Llc sold 2,250,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $12.13, for a total transaction of $27,292,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in VRRM. Marshall Wace North America L.P. acquired a new position in shares of Verra Mobility during the 1st quarter worth $90,000. United Services Automobile Association acquired a new position in shares of Verra Mobility during the 4th quarter worth $112,000. Anderson Hoagland & Co. acquired a new position in shares of Verra Mobility during the 2nd quarter worth $618,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Verra Mobility during the 4th quarter worth $440,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Verra Mobility during the 4th quarter worth $488,000. Institutional investors own 42.46% of the company’s stock.

VRRM stock traded down $0.05 on Thursday, hitting $13.74. The company’s stock had a trading volume of 7,706 shares, compared to its average volume of 1,600,556. The firm’s 50 day simple moving average is $13.10. Verra Mobility has a 1 year low of $9.00 and a 1 year high of $15.07. The stock has a market capitalization of $2.19 billion, a PE ratio of -20.39 and a beta of 0.40. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 2.82.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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