Equities analysts expect that VeriSign, Inc. (NASDAQ:VRSN) will announce sales of $294.95 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for VeriSign’s earnings, with the highest sales estimate coming in at $295.83 million and the lowest estimate coming in at $294.06 million. VeriSign posted sales of $286.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that VeriSign will report full year sales of $294.95 million for the current financial year, with estimates ranging from $1.16 billion to $1.17 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.21 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover VeriSign.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The firm had revenue of $292.40 million for the quarter, compared to the consensus estimate of $290.90 million. During the same quarter in the previous year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.

A number of analysts have issued reports on VRSN shares. BidaskClub downgraded VeriSign from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Robert W. Baird set a $105.00 price objective on VeriSign and gave the company a “hold” rating in a research report on Friday, October 6th. Cowen reiterated a “hold” rating and issued a $103.00 price target on shares of VeriSign in a research note on Sunday, October 29th. Citigroup increased their price objective on VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Zacks Investment Research lowered VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. VeriSign presently has a consensus rating of “Hold” and a consensus target price of $106.33.

VeriSign (NASDAQ:VRSN) opened at $115.10 on Friday. VeriSign has a 52-week low of $75.71 and a 52-week high of $118.28. The firm has a market cap of $11,533.69, a P/E ratio of 32.68 and a beta of 1.03. The company has a debt-to-equity ratio of -1.45, a current ratio of 1.57 and a quick ratio of 1.57.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Visionary Asset Management Inc. purchased a new position in VeriSign during the third quarter worth approximately $200,000. Public Employees Retirement System of Ohio lifted its holdings in VeriSign by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,546 shares of the information services provider’s stock worth $4,314,000 after buying an additional 732 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in VeriSign during the 3rd quarter worth about $271,000. California Public Employees Retirement System lifted its holdings in shares of VeriSign by 4.5% in the 3rd quarter. California Public Employees Retirement System now owns 276,059 shares of the information services provider’s stock valued at $29,370,000 after purchasing an additional 11,959 shares during the last quarter. Finally, Tiemann Investment Advisors LLC acquired a new position in VeriSign in the 3rd quarter valued at about $221,000.

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About VeriSign

VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).

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