Verra Mobility (NASDAQ:VRRM) Issues FY 2025 Earnings Guidance

Key Points

• Verra Mobility has updated its FY 2025 earnings guidance, expecting earnings per share (EPS) between 1.300 and 1.35, slightly below the consensus estimate of 1.317, and revenue in the range of $925 million to $935 million, close to the consensus of $929.8 million.
• The company's stock has experienced a decline of 5.1%, trading at $23.69 during mid-day, amidst a high trading volume of 1,482,809 shares.
• Wall Street analysts have mixed opinions on the stock with ratings ranging from "hold" to "strong buy," reflecting an average target price of $27.38.

Verra Mobility (NASDAQ:VRRM - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.300-1.35 for the period, compared to the consensus earnings per share estimate of 1.317. The company issued revenue guidance of $925.0 million-$935.0 million, compared to the consensus revenue estimate of $929.8 million.

Verra Mobility Stock Up 0.9%

NASDAQ VRRM traded up $0.20 during trading hours on Monday, reaching $23.69. 928,635 shares of the company traded hands, compared to its average volume of 1,022,975. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $3.78 billion, a PE ratio of 98.71, a PEG ratio of 2.77 and a beta of 0.79. Verra Mobility has a 12 month low of $19.51 and a 12 month high of $28.25. The company has a 50 day moving average of $24.74 and a two-hundred day moving average of $23.76.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $236.03 million for the quarter, compared to analysts' expectations of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. As a group, equities analysts expect that Verra Mobility will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VRRM. UBS Group reduced their price objective on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Robert W. Baird upped their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $27.38.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of Verra Mobility by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company's stock worth $26,614,000 after purchasing an additional 293,082 shares during the last quarter. Millennium Management LLC boosted its holdings in Verra Mobility by 208.0% during the first quarter. Millennium Management LLC now owns 375,421 shares of the company's stock worth $8,451,000 after buying an additional 253,529 shares in the last quarter. Royal Bank of Canada grew its position in Verra Mobility by 14.3% in the first quarter. Royal Bank of Canada now owns 148,464 shares of the company's stock worth $3,342,000 after buying an additional 18,562 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Verra Mobility by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company's stock valued at $2,209,000 after acquiring an additional 4,302 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Verra Mobility by 21.7% during the 1st quarter. AQR Capital Management LLC now owns 34,501 shares of the company's stock worth $777,000 after acquiring an additional 6,153 shares in the last quarter.

About Verra Mobility

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.