Verra Mobility (VRRM) to Release Earnings on Thursday

Verra Mobility (NASDAQ:VRRM) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Verra Mobility has set its FY24 guidance at $1.15-1.20 EPS and its FY 2024 guidance at 1.150-1.200 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $211.01 million during the quarter, compared to the consensus estimate of $201.76 million. Verra Mobility had a net margin of 6.98% and a return on equity of 41.86%. On average, analysts expect Verra Mobility to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Verra Mobility Stock Down 0.5 %

Verra Mobility stock opened at $24.28 on Thursday. The stock has a market cap of $4.03 billion, a P/E ratio of 67.45, a P/E/G ratio of 1.79 and a beta of 1.17. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 2.44. Verra Mobility has a twelve month low of $16.22 and a twelve month high of $25.57. The company’s 50-day moving average price is $23.45 and its two-hundred day moving average price is $22.07.

Analyst Ratings Changes

Separately, Morgan Stanley increased their price target on shares of Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, February 27th.

Insiders Place Their Bets

In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the transaction, the director now owns 41,275 shares in the company, valued at approximately $941,895.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $22.41, for a total transaction of $174,551.49. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Verra Mobility Company Profile

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 Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.