Verra Mobility (NASDAQ:VRRM - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.320-1.380 for the period, compared to the consensus EPS estimate of 1.330. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.
Verra Mobility Price Performance
Shares of Verra Mobility stock traded down $0.18 during trading on Wednesday, hitting $14.32. 1,999,749 shares of the stock traded hands, compared to its average volume of 1,584,251. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.40 and a beta of 0.67. The firm's fifty day moving average is $15.28 and its 200-day moving average is $19.47. Verra Mobility has a 52 week low of $13.84 and a 52 week high of $25.83.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Research analysts expect that Verra Mobility will post 1.23 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
VRRM has been the subject of a number of research reports. Wall Street Zen raised shares of Verra Mobility from a "hold" rating to a "buy" rating in a report on Monday, April 27th. Morgan Stanley decreased their target price on Verra Mobility from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings cut Verra Mobility from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday. Robert W. Baird set a $24.00 target price on Verra Mobility in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Verra Mobility from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Verra Mobility presently has a consensus rating of "Hold" and an average price target of $23.50.
Check Out Our Latest Stock Analysis on Verra Mobility
Hedge Funds Weigh In On Verra Mobility
Several hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in Verra Mobility in the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Verra Mobility by 967.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,260 shares of the company's stock worth $28,000 after purchasing an additional 1,142 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company's stock worth $38,000 after purchasing an additional 1,217 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Verra Mobility by 285.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company's stock valued at $72,000 after buying an additional 2,255 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Verra Mobility by 46.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company's stock worth $87,000 after purchasing an additional 1,087 shares in the last quarter.
Verra Mobility Company Profile
(
Get Free Report)
Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.
Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.
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