Verra Mobility (NASDAQ:VRRM – Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Verra Mobility has set its FY24 guidance at $1.15-1.20 EPS and its FY 2024 guidance at 1.150-1.200 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Verra Mobility (NASDAQ:VRRM – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Verra Mobility had a net margin of 6.98% and a return on equity of 41.86%. The firm had revenue of $211.01 million for the quarter, compared to the consensus estimate of $201.76 million. 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 2.0 %
Shares of VRRM traded down $0.49 during trading hours on Tuesday, reaching $23.86. The stock had a trading volume of 134,706 shares, compared to its average volume of 1,035,988. The firm has a 50-day simple moving average of $23.60 and a 200 day simple moving average of $22.20. Verra Mobility has a 12 month low of $16.22 and a 12 month high of $25.57. The company has a current ratio of 2.05, a quick ratio of 1.96 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 67.64, a P/E/G ratio of 1.82 and a beta of 1.17.
Insider Activity at Verra Mobility
Analyst Ratings Changes
Separately, Morgan Stanley raised their price objective on shares of Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 27th.
Get Our Latest Analysis on VRRM
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.
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