Verra Mobility (VRRM) to Release Quarterly Earnings on Thursday

Verra Mobility (NASDAQ:VRRM) will be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Verra Mobility has set its FY 2024 guidance at 1.200-1.200 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.31 earnings per share (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 business had revenue of $222.43 million during the quarter, compared to analyst estimates of $220.32 million. During the same period in the prior year, the firm earned $0.27 earnings per share. 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 Performance

Shares of VRRM opened at $26.38 on Thursday. Verra Mobility has a 52 week low of $18.76 and a 52 week high of $31.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.47 and a current ratio of 2.57. The company has a market capitalization of $4.39 billion, a PE ratio of 52.76, a PEG ratio of 1.77 and a beta of 1.27. The company’s 50 day moving average price is $27.25 and its 200 day moving average price is $27.06.

Wall Street Analyst Weigh In

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

About Verra Mobility

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.