$179.76 Million in Sales Expected for Verra Mobility Co. (NASDAQ:VRRM) This Quarter

Brokerages forecast that Verra Mobility Co. (NASDAQ:VRRM – Get Rating) will report $179.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Verra Mobility’s earnings, with the highest sales estimate coming in at $189.72 million and the lowest estimate coming in at $172.90 million. Verra Mobility reported sales of $128.66 million in the same quarter last year, which would suggest a positive year over year growth rate of 39.7%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Verra Mobility will report full-year sales of $717.15 million for the current year, with estimates ranging from $709.20 million to $727.41 million. For the next year, analysts expect that the company will post sales of $749.56 million, with estimates ranging from $722.30 million to $765.73 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Verra Mobility.

Verra Mobility (NASDAQ:VRRM – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Verra Mobility had a net margin of 9.57% and a return on equity of 44.07%. During the same period in the prior year, the business posted $0.11 EPS.

VRRM has been the topic of a number of analyst reports. TheStreet downgraded shares of Verra Mobility from a “b-” rating to a “c+” rating in a research report on Tuesday, April 12th. Zacks Investment Research upgraded shares of Verra Mobility from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, May 13th. Credit Suisse Group raised their target price on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Verra Mobility from $17.00 to $18.00 in a report on Friday, April 1st. Finally, Robert W. Baird dropped their target price on shares of Verra Mobility from $20.00 to $18.00 in a report on Tuesday, May 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Verra Mobility currently has an average rating of “Buy” and an average price target of $18.17.

Shares of NASDAQ:VRRM opened at $15.52 on Friday. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 45.65 and a beta of 1.33. The firm’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $15.51. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.35 and a quick ratio of 2.25. Verra Mobility has a fifty-two week low of $12.70 and a fifty-two week high of $18.13.

Several institutional investors and hedge funds have recently modified their holdings of VRRM. Advisor Group Holdings Inc. grew its stake in shares of Verra Mobility by 24.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 5,779 shares of the company’s stock worth $87,000 after acquiring an additional 1,152 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Verra Mobility by 31.2% during the 3rd quarter. Principal Financial Group Inc. now owns 28,121 shares of the company’s stock worth $424,000 after acquiring an additional 6,680 shares in the last quarter. Barclays PLC grew its stake in shares of Verra Mobility by 163.0% during the 3rd quarter. Barclays PLC now owns 157,959 shares of the company’s stock worth $2,381,000 after acquiring an additional 97,898 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Verra Mobility by 31.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 22,204 shares of the company’s stock worth $335,000 after acquiring an additional 5,331 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Verra Mobility by 37.2% during the 3rd quarter. Citigroup Inc. now owns 19,117 shares of the company’s stock worth $288,000 after acquiring an additional 5,179 shares in the last quarter.

About Verra Mobility (Get Rating)

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 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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