Verra Mobility - VRRM Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verra Mobility in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" VRRM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VRRM, but not buy additional shares or sell existing shares.
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4 brokerages have issued 1 year price objectives for Verra Mobility's stock. Their VRRM share price forecasts range from $16.00 to $19.00. On average, they expect the company's stock price to reach $17.75 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
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Verra Mobility's stock was trading at $15.43 on January 1st, 2022. Since then, VRRM stock has increased by 2.8% and is now trading at $15.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our VRRM earnings forecast.

Verra Mobility Co. (NASDAQ:VRRM) released its quarterly earnings results on Thursday, November, 4th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.10. The firm earned $162.10 million during the quarter, compared to analysts' expectations of $152.40 million. Verra Mobility had a trailing twelve-month return on equity of 60.95% and a net margin of 11.48%. During the same period last year, the firm posted $0.13 earnings per share.

Verra Mobility issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $740.00 million-$740.00 million, compared to the consensus revenue estimate of $737.56 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Verra Mobility investors own include Inseego (INSG), iCAD (ICAD), Marvell Technology (MRVL), Aptiv (APTV), Invitae (NVTA), Akoustis Technologies (AKTS), JD.com (JD), Micron Technology (MU), NVIDIA (NVDA) and CRISPR Therapeutics (CRSP).

Verra Mobility trades on the NASDAQ under the ticker symbol "VRRM."

Verra Mobility's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.79%), Darlington Partners Capital Management LP (7.35%), BlackRock Inc. (6.11%), Mackenzie Financial Corp (4.16%), Handelsbanken Fonder AB (2.04%) and State Street Corp (2.03%). Insiders that own company stock include David Martin Roberts, Garrett Fristoe Miller, Patricia Chiodo, Platinum Equity Llc, Rebecca Collins and Vincent Brigidi.
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Shares of VRRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VRRM stock can currently be purchased for approximately $15.86.

Verra Mobility (NASDAQ:VRRM) has a market capitalization of $2.38 billion and generates $550.59 million in revenue each year. The company earns $41.45 million in net income (profit) each year or $0.48 on an earnings per share basis.

The company employs 1,433 workers across the globe.

Verra Mobility's mailing address is 1150 NORTH ALMA SCHOOL ROAD, MESA AZ, 85201. The official website for the company is www.verramobility.com. The company can be reached via phone at (480) 443-7000, via email at ir@verramobility.com, or via fax at 310-209-3310.