Wall Street brokerages forecast that Verisign, Inc. (NASDAQ:VRSN) will report earnings of $1.05 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Verisign’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $1.04. Verisign reported earnings of $0.96 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Verisign will report full-year earnings of $4.43 per share for the current financial year, with EPS estimates ranging from $4.33 to $4.56. For the next year, analysts anticipate that the company will report earnings of $5.02 per share, with EPS estimates ranging from $4.91 to $5.12. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Verisign.

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Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.01). The company had revenue of $295.50 million during the quarter, compared to analyst estimates of $294.93 million. Verisign had a net margin of 39.25% and a negative return on equity of 36.88%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS.

VRSN has been the topic of a number of analyst reports. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on Verisign to $106.00 and gave the company an “underweight” rating in a research note on Monday, February 26th. Zacks Investment Research raised Verisign from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, ValuEngine raised Verisign from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Verisign has an average rating of “Hold” and an average price target of $106.25.

Verisign (NASDAQ VRSN) traded up $0.61 during mid-day trading on Friday, hitting $125.92. The stock had a trading volume of 1,904,500 shares, compared to its average volume of 1,144,592. The company has a debt-to-equity ratio of -1.41, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $12,229.48, a P/E ratio of 34.69 and a beta of 0.89. Verisign has a one year low of $86.16 and a one year high of $127.24.

Verisign announced that its Board of Directors has approved a stock buyback program on Thursday, February 8th that allows the company to buyback $586.00 million in outstanding shares. This buyback authorization allows the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB raised its stake in Verisign by 4.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 29,130 shares of the information services provider’s stock worth $3,334,000 after buying an additional 1,304 shares during the period. Envestnet Asset Management Inc. raised its stake in Verisign by 45.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 29,255 shares of the information services provider’s stock worth $3,348,000 after buying an additional 9,172 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Verisign during the 4th quarter worth $3,002,000. Jump Trading LLC acquired a new stake in Verisign during the 4th quarter worth $474,000. Finally, MainStreet Investment Advisors LLC acquired a new stake in Verisign during the 4th quarter worth $932,000.

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About Verisign

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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