Verra Mobility (VRRM) Scheduled to Post Quarterly Earnings on Monday

Verra Mobility (NASDAQ:VRRMGet Rating) is set to issue its quarterly earnings data after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Verra Mobility has set its FY 2022 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Verra Mobility (NASDAQ:VRRMGet Rating) last released its quarterly earnings results on Thursday, April 21st. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Verra Mobility had a net margin of 7.53% and a return on equity of 37.72%. On average, analysts expect Verra Mobility to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VRRM opened at $14.03 on Monday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 61.00 and a beta of 1.32. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 3.96. Verra Mobility has a 12 month low of $13.40 and a 12 month high of $18.13. The firm’s fifty day simple moving average is $15.75 and its 200 day simple moving average is $15.57.

In other news, General Counsel Rebecca Collins sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $17.50, for a total transaction of $70,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of large investors have recently bought and sold shares of VRRM. Legal & General Group Plc grew its stake in shares of Verra Mobility by 1.1% in the 4th quarter. Legal & General Group Plc now owns 108,243 shares of the company’s stock valued at $1,670,000 after buying an additional 1,133 shares during the period. Amalgamated Bank increased its position in Verra Mobility by 5.6% during the fourth quarter. Amalgamated Bank now owns 25,290 shares of the company’s stock worth $390,000 after buying an additional 1,341 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Verra Mobility by 6.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 36,728 shares of the company’s stock worth $567,000 after purchasing an additional 2,179 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Verra Mobility in the fourth quarter worth $36,000. Finally, MetLife Investment Management LLC raised its stake in shares of Verra Mobility by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 49,581 shares of the company’s stock worth $765,000 after buying an additional 2,950 shares during the last quarter.

Several analysts recently commented on the company. Zacks Investment Research cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft upped their price target on Verra Mobility from $17.00 to $18.00 in a research report on Friday, April 1st. Credit Suisse Group upped their price objective on shares of Verra Mobility from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Finally, TheStreet lowered shares of Verra Mobility from a “b-” rating to a “c+” rating in a report on Tuesday, April 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.60.

About Verra Mobility (Get Rating)

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.

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Earnings History for Verra Mobility (NASDAQ:VRRM)

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