Analysts expect Verisign, Inc. (NASDAQ:VRSN) to report $1.19 earnings per share (EPS) 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 $1.21 and the lowest estimate coming in at $1.18. Verisign posted earnings of $1.00 per share during the same quarter last year, which suggests a positive year over year growth rate of 19%. The firm is expected to report its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Verisign will report full-year earnings of $4.61 per share for the current year, with EPS estimates ranging from $4.59 to $4.64. For the next financial year, analysts anticipate that the firm will report earnings of $5.22 per share, with EPS estimates ranging from $5.15 to $5.32. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Verisign.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 26th. The information services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $302.40 million for the quarter, compared to analyst estimates of $302.47 million. Verisign had a negative return on equity of 37.20% and a net margin of 40.38%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share.

A number of equities analysts have commented on VRSN shares. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 30th. JPMorgan Chase & Co. boosted their price objective on Verisign from $122.00 to $123.00 and gave the stock an “underweight” rating in a research note on Friday, July 27th. Cowen reissued a “hold” rating and issued a $155.00 price objective on shares of Verisign in a research note on Friday, July 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $160.00 price objective on shares of Verisign in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Verisign currently has an average rating of “Hold” and a consensus target price of $138.60.

Institutional investors have recently bought and sold shares of the business. Securian Asset Management Inc boosted its stake in Verisign by 16.7% in the second quarter. Securian Asset Management Inc now owns 9,930 shares of the information services provider’s stock worth $1,365,000 after purchasing an additional 1,420 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Verisign by 14.0% during the first quarter. LPL Financial LLC now owns 5,511 shares of the information services provider’s stock valued at $653,000 after acquiring an additional 676 shares during the period. Achmea Investment Management B.V. lifted its stake in shares of Verisign by 45.3% during the second quarter. Achmea Investment Management B.V. now owns 17,732 shares of the information services provider’s stock valued at $2,436,000 after acquiring an additional 5,532 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Verisign by 9.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,149 shares of the information services provider’s stock valued at $3,731,000 after acquiring an additional 2,353 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Verisign by 38.0% during the second quarter. Cubist Systematic Strategies LLC now owns 11,157 shares of the information services provider’s stock valued at $1,533,000 after acquiring an additional 3,072 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Verisign stock traded down $0.85 on Monday, reaching $158.96. The company’s stock had a trading volume of 937,200 shares, compared to its average volume of 950,646. The company has a debt-to-equity ratio of -1.29, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $19.48 billion, a P/E ratio of 43.15 and a beta of 0.90. Verisign has a twelve month low of $102.84 and a twelve month high of $164.19.

About Verisign

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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