Verra Mobility (VRRM) to Release Earnings on Thursday

Verra Mobility (NASDAQ:VRRM) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Verra Mobility to post earnings of $0.24 per share for the quarter. Verra Mobility has set its FY24 guidance at $1.15-1.20 EPS and its FY 2024 guidance at 1.150-1.200 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. The business had revenue of $211.01 million during the quarter, compared to the consensus estimate of $201.76 million. On average, analysts expect Verra Mobility to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $24.28 on Thursday. Verra Mobility has a 12-month low of $16.22 and a 12-month high of $25.57. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 67.45, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The business has a 50 day simple moving average of $23.45 and a 200 day simple moving average of $22.07. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.05 and a quick ratio of 1.96.

Analyst Ratings Changes

Separately, Morgan Stanley increased their price objective on Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 27th.

Insider Buying and Selling at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John H. Rexford sold 10,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total value of $228,200.00. Following the transaction, the director now directly owns 41,275 shares of the company’s stock, valued at $941,895.50. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

About Verra Mobility

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.