Verra Mobility (VRRM) to Release Earnings on Thursday

Verra Mobility (NASDAQ:VRRM - Get Free Report) will issue its quarterly earnings data 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.Parties that wish to listen to the company's conference call can do so using this link.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. The firm had revenue of $211.01 million for the quarter, compared to analyst estimates of $201.76 million. 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 0.1 %

Shares of NASDAQ VRRM traded down $0.02 during trading on Thursday, reaching $24.26. 942,508 shares of the stock were exchanged, compared to its average volume of 1,052,001. The business's 50-day moving average price is $23.49 and its 200 day moving average price is $22.08. Verra Mobility has a twelve month low of $16.22 and a twelve month high of $25.57. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 67.03, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 41,275 shares in the company, valued at $941,895.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John H. Rexford sold 10,000 shares of the business's stock in a transaction 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 sale, the director now owns 41,275 shares of the company's stock, valued at approximately $941,895.50. The disclosure for this sale can be found here. 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.