Vertex (VERX) Projected to Post Earnings on Wednesday

Vertex (NASDAQ:VERX - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect Vertex to post 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 results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). Vertex had a net margin of 4.73% and a return on equity of 24.92%. The firm had revenue of $178.46 million for the quarter, compared to the consensus estimate of $176.90 million. On average, analysts expect Vertex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Vertex Stock Performance

Shares of VERX stock traded down $0.60 during mid-day trading on Friday, reaching $39.21. The stock had a trading volume of 1,938,886 shares, compared to its average volume of 1,009,908. Vertex has a one year low of $28.04 and a one year high of $60.71. The firm has a market cap of $6.20 billion, a PE ratio of 217.83, a P/E/G ratio of 6.66 and a beta of 0.80. The firm's 50 day simple moving average is $36.44 and its 200 day simple moving average is $46.26. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VERX. BNP Paribas started coverage on shares of Vertex in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $54.00 price target on the stock. Morgan Stanley lowered their target price on shares of Vertex from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group cut their price target on shares of Vertex from $64.00 to $48.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Needham & Company LLC reissued a "buy" rating and issued a $60.00 target price on shares of Vertex in a report on Thursday, March 20th. Finally, Robert W. Baird decreased their price target on Vertex from $62.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vertex presently has an average rating of "Moderate Buy" and an average target price of $50.73.

Insiders Place Their Bets

In related news, General Counsel Bryan T.R. Rowland sold 43,228 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $35.98, for a total value of $1,555,343.44. Following the transaction, the general counsel now owns 132 shares in the company, valued at $4,749.36. This trade represents a 99.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.