Equities research analysts forecast that Verisign, Inc. (NASDAQ:VRSN) will post earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Verisign’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.96. Verisign posted earnings per share of $0.92 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The business is scheduled to issue its next earnings results on Thursday, February 8th.

On average, analysts expect that Verisign will report full-year earnings of $3.97 per share for the current financial year, with EPS estimates ranging from $3.96 to $3.98. For the next financial year, analysts anticipate that the firm will report earnings of $4.23 per share, with EPS estimates ranging from $4.20 to $4.27. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Verisign.

Verisign (NASDAQ:VRSN) last issued its earnings results on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $292.40 million during the quarter, compared to the consensus estimate of $290.90 million. Verisign had a negative return on equity of 36.88% and a net margin of 39.79%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share.

Several research analysts have commented on the company. Robert W. Baird set a $105.00 target price on Verisign and gave the stock a “hold” rating in a research note on Friday, October 6th. Cowen reissued a “hold” rating and set a $103.00 target price on shares of Verisign in a research note on Sunday, October 29th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded Verisign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, Citigroup boosted their target price on Verisign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Verisign currently has a consensus rating of “Hold” and a consensus price target of $106.33.

Shares of Verisign (VRSN) traded up $0.89 during midday trading on Friday, reaching $115.03. The company’s stock had a trading volume of 1,044,726 shares, compared to its average volume of 995,311. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $11,338.51, a P/E ratio of 32.13 and a beta of 1.03. Verisign has a 12-month low of $75.71 and a 12-month high of $118.28.

Several large investors have recently added to or reduced their stakes in VRSN. Sei Investments Co. grew its holdings in shares of Verisign by 29.1% during the second quarter. Sei Investments Co. now owns 11,206 shares of the information services provider’s stock worth $1,041,000 after purchasing an additional 2,527 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Verisign by 13.4% during the second quarter. Global X Management Co. LLC now owns 1,632 shares of the information services provider’s stock worth $152,000 after purchasing an additional 193 shares during the last quarter. Cigna Investments Inc. New bought a new stake in shares of Verisign during the second quarter worth about $333,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Verisign by 25.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 576,347 shares of the information services provider’s stock worth $53,578,000 after purchasing an additional 116,615 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of Verisign during the second quarter worth about $222,000.

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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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