$0.50 EPS Expected for Verint Systems Inc. (NASDAQ:VRNT) This Quarter

Brokerages predict that Verint Systems Inc. (NASDAQ:VRNT – Get Rating) will report $0.50 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Verint Systems’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.44. Verint Systems reported earnings per share of $0.44 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Verint Systems will report full-year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.56. For the next year, analysts forecast that the company will post earnings of $2.76 per share, with EPS estimates ranging from $2.50 to $2.87. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Verint Systems.

Verint Systems (NASDAQ:VRNT – Get Rating) last released its quarterly earnings data on Tuesday, March 29th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Verint Systems had a net margin of 1.65% and a return on equity of 12.68%. The business had revenue of $234.17 million during the quarter, compared to analyst estimates of $231.77 million. During the same period in the previous year, the business earned $0.82 EPS. Verint Systems’s revenue was up 4.0% compared to the same quarter last year.

VRNT has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Verint Systems from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, March 30th. The Goldman Sachs Group lowered shares of Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Tuesday, April 12th. Zacks Investment Research lowered shares of Verint Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. TheStreet lowered shares of Verint Systems from a “b-” rating to a “c” rating in a research report on Tuesday, April 12th. Finally, StockNews.com lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.80.

Verint Systems stock traded up $0.15 during mid-day trading on Friday, reaching $53.03. The company’s stock had a trading volume of 491,825 shares, compared to its average volume of 492,030. Verint Systems has a 12-month low of $41.46 and a 12-month high of $54.74. The company has a market capitalization of $3.43 billion, a P/E ratio of -757.46, a PEG ratio of 2.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 1.37. The firm’s fifty day moving average price is $50.92 and its two-hundred day moving average price is $49.84.

In other Verint Systems news, CFO Douglas Robinson sold 5,622 shares of the business’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $50.49, for a total value of $283,854.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Nottenburg sold 3,576 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $52.12, for a total transaction of $186,381.12. Following the completion of the sale, the director now directly owns 4,178 shares of the company’s stock, valued at $217,757.36. The disclosure for this sale can be found here. Insiders sold 105,116 shares of company stock valued at $5,354,750 over the last quarter. 1.90% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of VRNT. Norges Bank bought a new position in shares of Verint Systems during the fourth quarter valued at about $37,513,000. Vident Investment Advisory LLC raised its stake in shares of Verint Systems by 3.9% during the fourth quarter. Vident Investment Advisory LLC now owns 50,824 shares of the technology company’s stock valued at $2,669,000 after acquiring an additional 1,903 shares during the last quarter. Washington Harbour Partners LP bought a new position in shares of Verint Systems during the fourth quarter valued at about $16,845,000. Weiss Multi Strategy Advisers LLC raised its stake in shares of Verint Systems by 9.4% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 109,431 shares of the technology company’s stock valued at $5,746,000 after acquiring an additional 9,431 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Verint Systems by 25.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 512,679 shares of the technology company’s stock valued at $26,920,000 after acquiring an additional 103,160 shares during the last quarter.

Verint Systems Company Profile (Get Rating)

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Self-Service, which connects customers and employees with information, resources, and support; Case Management that helps employees to improve efficiency, time to resolution, compliance, and customer satisfaction; and Knowledge Management, which help agents to deliver stellar service with tools.

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