$0.21 Earnings Per Share Expected for Verint Systems Inc. (NASDAQ:VRNT) This Quarter
Wall Street brokerages expect that Verint Systems Inc. (NASDAQ:VRNT) will post $0.21 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Verint Systems’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.22. Verint Systems posted earnings of $0.32 per share in the same quarter last year, which would suggest a negative year over year growth rate of 34.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, September 6th.
According to Zacks, analysts expect that Verint Systems will report full year earnings of $1.72 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $2.12 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Verint Systems.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.11. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The business had revenue of $265.70 million for the quarter, compared to analysts’ expectations of $259.97 million. During the same period in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis.
A number of research analysts recently issued reports on VRNT shares. Royal Bank Of Canada lifted their target price on Verint Systems from $37.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, March 29th. Deutsche Bank AG lifted their target price on Verint Systems from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) lifted their target price on Verint Systems from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $49.00 target price on shares of Verint Systems in a report on Thursday, March 30th. Finally, Zacks Investment Research lowered Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Verint Systems currently has a consensus rating of “Buy” and a consensus price target of $44.38.
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In other Verint Systems news, CFO Douglas Robinson sold 2,635 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total transaction of $107,666.10. Following the completion of the sale, the chief financial officer now directly owns 159,818 shares in the company, valued at approximately $6,530,163.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry F. Myers sold 3,103 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total value of $128,464.20. Following the sale, the director now owns 10,751 shares of the company’s stock, valued at $445,091.40. The disclosure for this sale can be found here. Insiders have sold a total of 9,584 shares of company stock valued at $393,624 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of Verint Systems by 2.0% in the second quarter. US Bancorp DE now owns 32,027 shares of the technology company’s stock valued at $1,303,000 after buying an additional 632 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Verint Systems during the second quarter valued at about $235,000. Crow Point Partners LLC purchased a new stake in shares of Verint Systems during the second quarter valued at about $187,000. Fisher Asset Management LLC raised its stake in shares of Verint Systems by 2.9% in the second quarter. Fisher Asset Management LLC now owns 2,127,041 shares of the technology company’s stock valued at $86,571,000 after buying an additional 60,275 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Verint Systems by 0.9% in the second quarter. Creative Planning now owns 7,856 shares of the technology company’s stock valued at $320,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 96.33% of the company’s stock.
Verint Systems (NASDAQ:VRNT) opened at 38.75 on Thursday. The stock’s 50 day moving average is $40.98 and its 200-day moving average is $39.50. Verint Systems has a 1-year low of $33.40 and a 1-year high of $44.70. The firm’s market capitalization is $2.43 billion.
Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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