Vertex (VERX) Projected to Post Quarterly Earnings on Wednesday

Vertex (NASDAQ:VERX - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $176.99 million for the quarter. Vertex has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.

Vertex (NASDAQ:VERX - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $178.46 million for the quarter, compared to analysts' expectations of $176.90 million. Vertex had a return on equity of 24.92% and a net margin of 4.73%. 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

VERX traded down $0.16 on Monday, reaching $39.05. The company had a trading volume of 374,785 shares, compared to its average volume of 1,008,223. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04. Vertex has a 52-week low of $28.04 and a 52-week high of $60.71. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 217.39, a P/E/G ratio of 6.66 and a beta of 0.78. The business has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $46.31.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VERX shares. Stifel Nicolaus downgraded shares of Vertex from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $58.00 to $31.00 in a report on Friday, February 28th. Robert W. Baird cut their price objective on Vertex from $62.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Morgan Stanley decreased their price objective on Vertex from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. BNP Paribas started coverage on Vertex in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $54.00 target price for the company. Finally, Jefferies Financial Group reduced their price target on shares of Vertex from $62.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $50.73.

Insider Buying and Selling at Vertex

In related news, General Counsel Bryan T.R. Rowland sold 43,228 shares of Vertex stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $35.98, for a total transaction of $1,555,343.44. Following the completion of the transaction, the general counsel now directly owns 132 shares of the company's stock, valued at $4,749.36. This trade represents a 99.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 44.58% of the company's stock.

About Vertex

Vertex, Inc, together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools.