Analysts expect that Verint Systems Inc. (NASDAQ:VRNT) will announce earnings of $1.00 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Verint Systems’ earnings. The lowest EPS estimate is $0.99 and the highest is $1.01. Verint Systems reported earnings per share of $0.90 during the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The company is expected to report its next quarterly earnings results on Tuesday, March 27th.
According to Zacks, analysts expect that Verint Systems will report full-year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.75 to $2.77. For the next fiscal year, analysts anticipate that the company will post earnings of $3.03 per share, with EPS estimates ranging from $3.00 to $3.06. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Verint Systems.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.34 by $0.32. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The business had revenue of $280.70 million for the quarter, compared to analyst estimates of $282.01 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of VRNT. ETF Managers Group LLC acquired a new position in shares of Verint Systems during the 2nd quarter valued at about $18,069,000. Numeric Investors LLC acquired a new position in shares of Verint Systems during the 2nd quarter valued at about $15,731,000. Russell Investments Group Ltd. increased its stake in shares of Verint Systems by 549.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 319,220 shares of the technology company’s stock valued at $13,359,000 after acquiring an additional 270,081 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Verint Systems by 60.7% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 686,624 shares of the technology company’s stock valued at $28,735,000 after acquiring an additional 259,439 shares during the last quarter. Finally, AMI Asset Management Corp acquired a new position in shares of Verint Systems during the 4th quarter valued at about $10,834,000. 93.31% of the stock is owned by institutional investors.
Shares of Verint Systems (VRNT) traded up $0.50 during mid-day trading on Friday, reaching $43.25. 333,240 shares of the company traded hands, compared to its average volume of 241,029. Verint Systems has a 12-month low of $35.90 and a 12-month high of $44.70. The firm has a market cap of $2,726.65, a P/E ratio of -173.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.26. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.
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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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