Verint Systems Inc. (VRNT) Expected to Announce Earnings of $1.00 Per Share

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 research analysts recently weighed in on VRNT shares. Zacks Investment Research downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Oppenheimer reissued a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research note on Thursday, December 7th. Finally, BidaskClub downgraded shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $47.50.

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.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/20/verint-systems-inc-vrnt-expected-to-announce-earnings-of-1-00-per-share.html.

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.

Get a free copy of the Zacks research report on Verint Systems (VRNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply