Analysts expect that Verisign, Inc. (NASDAQ:VRSN) will report $0.97 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Verisign’s earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $0.97. Verisign reported earnings of $0.92 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.4%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Verisign will report full year earnings of $3.97 per share for the current fiscal year, with EPS estimates ranging from $3.96 to $3.98. For the next financial year, analysts forecast that the business will report earnings of $4.23 per share, with EPS estimates ranging from $4.20 to $4.27. Zacks’ EPS calculations are a mean average based on a survey of research firms 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 Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $292.40 million for the quarter, compared to analysts’ expectations of $290.90 million. Verisign had a net margin of 39.79% and a negative return on equity of 36.88%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share.

VRSN has been the topic of several research reports. Citigroup increased their price target on shares of Verisign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Cowen reaffirmed a “hold” rating and issued a $103.00 target price on shares of Verisign in a report on Sunday, October 29th. Robert W. Baird set a $105.00 target price on shares of Verisign and gave the company a “hold” rating in a report on Friday, October 6th. Zacks Investment Research raised shares of Verisign from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, BidaskClub cut shares of Verisign from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $106.33.

Shares of Verisign (NASDAQ:VRSN) opened at $114.48 on Friday. The stock has a market cap of $11,280.00, a PE ratio of 30.94 and a beta of 1.04. Verisign has a 1 year low of $79.21 and a 1 year high of $118.28. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57.

A number of large investors have recently modified their holdings of the stock. Suntrust Banks Inc. raised its holdings in Verisign by 0.5% in the second quarter. Suntrust Banks Inc. now owns 10,455 shares of the information services provider’s stock valued at $971,000 after acquiring an additional 54 shares in the last quarter. Scotia Capital Inc. raised its holdings in Verisign by 0.6% in the second quarter. Scotia Capital Inc. now owns 12,000 shares of the information services provider’s stock valued at $1,115,000 after acquiring an additional 75 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Verisign by 2.5% in the second quarter. Thrivent Financial For Lutherans now owns 3,340 shares of the information services provider’s stock valued at $310,000 after acquiring an additional 80 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Verisign by 21.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after acquiring an additional 255 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in Verisign by 7.9% in the second quarter. Martingale Asset Management L P now owns 4,308 shares of the information services provider’s stock valued at $401,000 after acquiring an additional 317 shares in the last quarter.

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Verisign Company Profile

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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