Brokerages Anticipate Verint Systems Inc. (NASDAQ:VRNT) Will Post Earnings of $0.48 Per Share

Analysts expect that Verint Systems Inc. (NASDAQ:VRNTGet Rating) will announce $0.48 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Verint Systems’ earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.51. Verint Systems reported earnings per share of $0.44 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The company is scheduled to report its next earnings report after the market closes on Monday, January 1st.

On average, 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 financial year, analysts anticipate that the company will post earnings of $2.77 per share, with EPS estimates ranging from $2.50 to $2.89. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Verint Systems.

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

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

In other Verint Systems news, President Elan Moriah sold 8,300 shares of the company’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $50.49, for a total transaction of $419,067.00. Following the completion of the sale, the president now directly owns 93,797 shares in the company, valued at $4,735,810.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas Robinson sold 3,664 shares of the company’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $53.04, for a total value of $194,338.56. Following the sale, the chief financial officer now owns 213,863 shares of the company’s stock, valued at $11,343,293.52. 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. Insiders own 2.40% of the company’s stock.

A number of large investors have recently made changes to their positions in VRNT. Bank of Nova Scotia increased its stake in Verint Systems by 4.0% during the third quarter. Bank of Nova Scotia now owns 12,178 shares of the technology company’s stock worth $545,000 after acquiring an additional 463 shares during the last quarter. Macquarie Group Ltd. increased its stake in Verint Systems by 6.6% during the third quarter. Macquarie Group Ltd. now owns 187,741 shares of the technology company’s stock worth $8,409,000 after acquiring an additional 11,701 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Verint Systems in the third quarter valued at about $578,000. Baupost Group LLC MA grew its stake in shares of Verint Systems by 16.1% in the third quarter. Baupost Group LLC MA now owns 3,528,484 shares of the technology company’s stock valued at $158,041,000 after buying an additional 488,686 shares in the last quarter. Finally, Senvest Management LLC grew its stake in shares of Verint Systems by 278.2% in the third quarter. Senvest Management LLC now owns 3,958,134 shares of the technology company’s stock valued at $177,285,000 after buying an additional 2,911,539 shares in the last quarter.

Shares of NASDAQ:VRNT opened at $51.17 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. Verint Systems has a 52-week low of $41.46 and a 52-week high of $56.39. The stock’s fifty day simple moving average is $51.95 and its 200-day simple moving average is $51.08. The company has a market capitalization of $3.31 billion, a P/E ratio of -730.90, a P/E/G ratio of 2.18 and a beta of 0.76.

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; 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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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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