$0.48 Earnings Per Share Expected for Verint Systems Inc. (NASDAQ:VRNT) This Quarter

Equities analysts forecast that Verint Systems Inc. (NASDAQ:VRNT – Get Rating) will report $0.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Verint Systems’ earnings, with estimates ranging from $0.46 to $0.51. Verint Systems posted earnings per share of $0.44 during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The firm is expected to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Verint Systems will report full year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.56. For the next fiscal year, analysts anticipate that the business will post earnings of $2.77 per share, with EPS estimates ranging from $2.50 to $2.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Verint Systems.

Verint Systems (NASDAQ:VRNT – Get Rating) last announced its earnings results on Tuesday, March 29th. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Verint Systems had a return on equity of 12.68% and a net margin of 1.65%. The business had revenue of $234.17 million for the quarter, compared to the consensus estimate of $231.77 million. During the same period in the prior year, the business posted $0.82 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Several brokerages have recently commented on VRNT. TheStreet cut shares of Verint Systems from a “b-” rating to a “c” rating in a 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. StockNews.com lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Royal Bank of Canada increased their price target on shares of Verint Systems from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 30th. Finally, The Goldman Sachs Group lowered shares of Verint Systems from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research report on Tuesday, April 12th. 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 stock has an average rating of “Hold” and an average price target of $65.80.

In other news, President Elan Moriah sold 8,920 shares of Verint Systems stock in a transaction on Monday, April 4th. The shares were sold at an average price of $51.58, for a total transaction of $460,093.60. Following the transaction, the president now owns 90,894 shares in the company, valued at $4,688,312.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Fante sold 5,631 shares of Verint Systems stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $50.49, for a total transaction of $284,309.19. Following the transaction, the insider now owns 43,481 shares in the company, valued at approximately $2,195,355.69. The disclosure for this sale can be found here. Insiders sold 105,116 shares of company stock worth $5,354,750 in the last 90 days. Company insiders own 2.40% of the company’s stock.

Several large investors have recently modified their holdings of VRNT. Senvest Management LLC lifted its holdings in shares of Verint Systems by 278.2% during the third quarter. Senvest Management LLC now owns 3,958,134 shares of the technology company’s stock worth $177,285,000 after purchasing an additional 2,911,539 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Verint Systems by 52,202.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,223,878 shares of the technology company’s stock worth $64,266,000 after buying an additional 1,221,538 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Verint Systems by 700.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,012,388 shares of the technology company’s stock worth $53,160,000 after buying an additional 885,982 shares during the last quarter. Norges Bank bought a new position in Verint Systems during the fourth quarter worth $37,513,000. Finally, Baupost Group LLC MA raised its stake in Verint Systems by 16.1% during the third quarter. Baupost Group LLC MA now owns 3,528,484 shares of the technology company’s stock worth $158,041,000 after buying an additional 488,686 shares during the last quarter.

Shares of VRNT opened at $51.17 on Friday. Verint Systems has a 12 month low of $41.46 and a 12 month high of $56.39. The firm’s 50 day moving average is $51.95 and its 200-day moving average is $51.08. The stock has a market capitalization of $3.31 billion, a PE ratio of -730.90, a P/E/G ratio of 2.18 and a beta of 0.76. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43.

About Verint Systems (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; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.

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