Brokerages expect Verra Mobility Corp (NASDAQ:VRRM) to report $0.17 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Verra Mobility’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.15. The business is scheduled to report its next quarterly earnings report on Monday, March 16th.

According to Zacks, analysts expect that Verra Mobility will report full-year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.68. For the next fiscal year, analysts forecast that the business will report earnings of $0.84 per share, with EPS estimates ranging from $0.75 to $0.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Verra Mobility.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Verra Mobility from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Bank of America raised Verra Mobility from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday, September 30th. Finally, Morgan Stanley began coverage on Verra Mobility in a report on Monday, October 28th. They set an “overweight” rating and a $18.50 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Verra Mobility presently has an average rating of “Buy” and a consensus price target of $15.76.

Shares of VRRM traded up $0.09 during mid-day trading on Monday, reaching $14.37. The company had a trading volume of 773,482 shares, compared to its average volume of 967,346. The company has a debt-to-equity ratio of 2.62, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -21.45 and a beta of 0.41. The firm has a 50-day moving average price of $14.57 and a 200 day moving average price of $13.94. Verra Mobility has a 52 week low of $9.00 and a 52 week high of $15.35.

In other news, Director Platinum Equity Llc sold 17,250,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $14.10, for a total value of $243,225,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in Verra Mobility by 317.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the company’s stock worth $27,000 after acquiring an additional 1,449 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Verra Mobility during the 2nd quarter valued at $60,000. US Bancorp DE bought a new stake in shares of Verra Mobility in the 2nd quarter worth $69,000. Bank of Montreal Can bought a new stake in shares of Verra Mobility in the 2nd quarter worth $108,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Verra Mobility in the second quarter worth $122,000. 69.01% of the stock is owned by institutional investors.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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Earnings History and Estimates for Verra Mobility (NASDAQ:VRRM)

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