Verra Mobility Corp (NASDAQ:VRRM) Expected to Post Earnings of $0.25 Per Share

Equities research analysts expect that Verra Mobility Corp (NASDAQ:VRRM) will announce $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Verra Mobility’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.27. Verra Mobility posted earnings per share of ($0.01) during the same quarter last year, which would indicate a positive year-over-year growth rate of 2,600%. The business is scheduled to issue its next earnings results on Thursday, November 14th.

On average, analysts expect that Verra Mobility will report full year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.84 to $0.90. For the next financial year, analysts expect that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.90 to $1.07. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Verra Mobility.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm had revenue of $109.58 million during the quarter, compared to the consensus estimate of $103.25 million.

Several brokerages have weighed in on VRRM. Zacks Investment Research raised Verra Mobility from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. ValuEngine cut Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. William Blair began coverage on Verra Mobility in a research note on Wednesday, April 24th. They set an “outperform” rating and a $13.08 price objective on the stock. Goldman Sachs Group began coverage on Verra Mobility in a research note on Tuesday, July 30th. They set a “neutral” rating and a $15.00 price objective on the stock. Finally, Robert W. Baird began coverage on Verra Mobility in a research note on Thursday, June 27th. They set an “outperform” rating and a $17.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.92.

NASDAQ VRRM traded up $0.13 during trading hours on Friday, hitting $13.91. 503,800 shares of the company were exchanged, compared to its average volume of 909,483. The stock has a 50-day moving average price of $13.63 and a 200 day moving average price of $12.62. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 2.77. Verra Mobility has a 52 week low of $9.00 and a 52 week high of $15.07. The stock has a market cap of $2.19 billion, a PE ratio of -20.76 and a beta of 0.40.

In other Verra Mobility news, Director Platinum Equity Llc sold 2,250,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $12.13, for a total transaction of $27,292,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of VRRM. WealthStone Inc. purchased a new stake in Verra Mobility during the second quarter worth $1,114,000. United Services Automobile Association lifted its holdings 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 buying an additional 5,868 shares during the period. Susquehanna International Group LLP purchased a new stake in Verra Mobility during the second quarter worth $502,000. Nuveen Asset Management LLC purchased a new stake in Verra Mobility during the second quarter worth $7,965,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Verra Mobility during the second quarter worth $447,000. 44.12% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Verra Mobility (NASDAQ:VRRM)

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