Vertex (NASDAQ:VERX – Get Free Report) will be announcing its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Vertex (NASDAQ:VERX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Vertex had a positive return on equity of 12.68% and a negative net margin of 5.94%. The firm had revenue of $139.70 million during the quarter, compared to analyst estimates of $135.91 million. On average, analysts expect Vertex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Vertex Price Performance
Shares of Vertex stock opened at $23.49 on Thursday. The stock’s fifty day moving average is $22.60 and its 200 day moving average is $21.17. Vertex has a one year low of $11.92 and a one year high of $24.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $3.57 billion, a P/E ratio of -106.77, a P/E/G ratio of 10.11 and a beta of 0.46.
Hedge Funds Weigh In On Vertex
Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in shares of Vertex by 124.1% in the 2nd quarter. Wells Fargo & Company MN now owns 2,024 shares of the company’s stock worth $39,000 after purchasing an additional 1,121 shares during the period. Ensign Peak Advisors Inc purchased a new position in shares of Vertex during the 1st quarter worth about $33,000. Deutsche Bank AG bought a new position in Vertex during the 4th quarter valued at about $41,000. Lazard Asset Management LLC purchased a new stake in Vertex in the 4th quarter worth about $46,000. Finally, State of Wyoming bought a new stake in Vertex in the fourth quarter worth about $49,000. 28.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. BMO Capital Markets decreased their price objective on Vertex from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, August 10th. JMP Securities restated a “market outperform” rating and set a $28.00 target price on shares of Vertex in a research note on Monday, August 21st. Citigroup dropped their price target on shares of Vertex from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, August 10th. TheStreet raised shares of Vertex from a “d+” rating to a “c-” rating in a research note on Wednesday, September 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Vertex in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vertex currently has a consensus rating of “Hold” and a consensus price target of $23.22.
Vertex Company Profile
Vertex, Inc provides tax technology solutions for retail, communication, leasing, retail trade, wholesale trade, technology, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, analytics and insights, pre-built integration, and industry-specific solutions.
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