Verra Mobility (VRRM) to Release Quarterly Earnings on Thursday

Verra Mobility (NASDAQ:VRRM) is set to release its earnings data after the market closes on Thursday, October 31st. Analysts expect Verra Mobility to post earnings of $0.28 per share for the quarter. Verra Mobility has set its FY 2024 guidance at 1.200-1.200 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Verra Mobility had a net margin of 11.34% and a return on equity of 39.89%. The firm had revenue of $222.43 million for the quarter, compared to analyst estimates of $220.32 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, analysts expect Verra Mobility to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Verra Mobility Stock Down 0.2 %

Shares of NASDAQ VRRM opened at $26.38 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.47 and a current ratio of 2.57. Verra Mobility has a 1 year low of $18.76 and a 1 year high of $31.03. The stock’s 50-day simple moving average is $27.25 and its 200-day simple moving average is $27.06. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 52.76, a PEG ratio of 1.77 and a beta of 1.27.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley boosted their price objective on Verra Mobility from $22.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. Finally, Robert W. Baird upped their target price on shares of Verra Mobility from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.