Brokerages Anticipate Verint Systems Inc. (NASDAQ:VRNT) to Post $1.22 Earnings Per Share

Wall Street analysts predict that Verint Systems Inc. (NASDAQ:VRNT) will post earnings per share of $1.22 for the current quarter, Zacks reports. Five analysts have provided estimates for Verint Systems’ earnings, with the lowest EPS estimate coming in at $1.17 and the highest estimate coming in at $1.28. Verint Systems reported earnings per share of $1.08 during the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The firm is expected to report its next earnings report on Wednesday, March 25th.

According to Zacks, analysts expect that Verint Systems will report full year earnings of $3.64 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $3.66. For the next financial year, analysts forecast that the business will report earnings of $4.05 per share, with EPS estimates ranging from $3.95 to $4.18. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Verint Systems.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, December 4th. The technology company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.35. The company had revenue of $331.10 million during the quarter, compared to analysts’ expectations of $332.96 million. Verint Systems had a net margin of 3.95% and a return on equity of 13.50%. Verint Systems’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share.

VRNT has been the topic of several research reports. Zacks Investment Research raised Verint Systems from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group dropped their price target on Verint Systems from $72.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. They noted that the move was a valuation call. Wedbush reissued a “buy” rating and set a $70.00 price target on shares of Verint Systems in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut their price target on Verint Systems from $78.00 to $73.00 in a report on Thursday, December 5th. Finally, TheStreet downgraded Verint Systems from a “b-” rating to a “c+” rating in a research note on Thursday, September 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Verint Systems presently has a consensus rating of “Buy” and an average target price of $66.38.

Shares of VRNT traded up $0.17 during midday trading on Tuesday, hitting $51.87. 1,792 shares of the company traded hands, compared to its average volume of 639,449. The firm has a 50 day moving average of $47.76 and a 200-day moving average of $50.81. Verint Systems has a 52 week low of $39.96 and a 52 week high of $63.94. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.53 and a current ratio of 1.57.

Several hedge funds and other institutional investors have recently made changes to their positions in VRNT. Vanguard Group Inc. grew its position in Verint Systems by 5.9% in the second quarter. Vanguard Group Inc. now owns 6,429,472 shares of the technology company’s stock worth $345,776,000 after acquiring an additional 358,743 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Verint Systems by 29.3% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,458,746 shares of the technology company’s stock valued at $132,231,000 after purchasing an additional 556,864 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Verint Systems by 43.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,986,106 shares of the technology company’s stock worth $84,965,000 after purchasing an additional 601,549 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Verint Systems by 38.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,022,266 shares of the technology company’s stock worth $54,978,000 after purchasing an additional 285,974 shares during the period. Finally, Neumeier Poma Investment Counsel LLC increased its position in shares of Verint Systems by 4.3% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 899,793 shares of the technology company’s stock valued at $48,391,000 after purchasing an additional 36,765 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

Recommended Story: 52 Week Highs and Lows

Get a free copy of the Zacks research report on Verint Systems (VRNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.