Verra Mobility (VRRM) Set to Announce Quarterly Earnings on Thursday

Verra Mobility (NASDAQ:VRRM) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce 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.Investors that wish to listen to 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 for the quarter, missing the consensus estimate 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 analysts’ expectations 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 Price Performance

NASDAQ:VRRM opened at $23.58 on Wednesday. Verra Mobility has a 52 week low of $16.22 and a 52 week high of $25.57. The stock’s fifty day moving average is $23.60 and its two-hundred day moving average is $22.20. The company has a market capitalization of $3.91 billion, a P/E ratio of 65.50, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 2.44.

Wall Street Analyst Weigh In

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

Insider Activity at Verra Mobility

In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total value of $228,200.00. Following the sale, the director now owns 41,275 shares of the company’s stock, valued at $941,895.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John H. Rexford sold 10,000 shares of Verra Mobility stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the completion of the transaction, the director now owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The disclosure for this sale can be found here. 0.96% of the stock is owned by 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.