Wall Street brokerages predict that Verra Mobility Corp (NASDAQ:VRRM) will report sales of $120.58 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Verra Mobility’s earnings. The highest sales estimate is $122.40 million and the lowest is $117.90 million. The business is expected to report its next earnings report on Thursday, November 14th.
According to Zacks, analysts expect that Verra Mobility will report full year sales of $438.18 million for the current fiscal year, with estimates ranging from $436.60 million to $439.57 million. For the next fiscal year, analysts anticipate that the firm will post sales of $484.60 million, with estimates ranging from $465.30 million to $514.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Verra Mobility.
Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $109.58 million for the quarter, compared to the consensus estimate of $103.25 million.
In other news, Director Platinum Equity Llc sold 15,000,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $12.13, for a total value of $181,950,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Verra Mobility by 6.6% in the first quarter. Janus Henderson Group PLC now owns 55,269 shares of the company’s stock valued at $658,000 after purchasing an additional 3,433 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Verra Mobility during the second quarter worth $60,000. US Bancorp DE acquired a new position in Verra Mobility during the second quarter worth $69,000. United Services Automobile Association raised its stake in Verra Mobility by 51.1% during the second quarter. United Services Automobile Association now owns 17,357 shares of the company’s stock worth $227,000 after acquiring an additional 5,868 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Verra Mobility during the first quarter worth $90,000. Institutional investors and hedge funds own 44.12% of the company’s stock.
Shares of VRRM traded up $0.13 during mid-day trading on Monday, hitting $13.91. The company’s stock had a trading volume of 503,800 shares, compared to its average volume of 909,483. Verra Mobility has a one year low of $9.00 and a one year high of $15.07. The company has a debt-to-equity ratio of 2.77, a quick ratio of 2.99 and a current ratio of 2.99. The firm has a market capitalization of $2.19 billion, a PE ratio of -20.76 and a beta of 0.40. The stock’s 50-day moving average is $13.63 and its two-hundred day moving average is $12.62.
About Verra Mobility
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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