Verra Mobility Co. (NASDAQ: VRRM) – Equity researchers William Blair released their Q3 2021 earnings per share (EPS) estimates for Verra Mobility shares in a research note to investors on Tuesday, October 5. . William Blair L. Dipalma analyst expects the company to earn $ 0.09 per share for the quarter. William Blair also released estimates for Verra Mobility’s fourth quarter 2021 earnings at $ 0.07 EPS, FY2021 earnings at $ 0.43 EPS, and FY2022 earnings at $ 0.80 EPS. Verra Mobility (NASDAQ: VRRM) last released its quarterly results on Sunday, August 8. The company reported earnings per share of $ 0.10 for the quarter, missing analyst consensus estimates of $ 0.13 per ($ 0.03). The company posted revenue of $ 128.66 million for the quarter, compared to analysts’ expectations of $ 115.94 million. Verra Mobility recorded a return on equity of 16.49% and a net margin of 0.08%.
Several other stock analysts have also published reports on the company. Credit Suisse Group increased its price target on Verra Mobility from $ 17.00 to $ 18.50 and gave the stock an “outperformance” rating in a Wednesday August 11 research note. Zacks Investment Research upgraded Verra Mobility from a “sell” rating to a “custody” rating in a research report published on Wednesday, August 18. Finally, Morgan Stanley increased its price target on Verra Mobility from $ 16.00 to $ 17.00 and gave the company an “equal weight” rating in a research report published on Tuesday, August 10. Two investment analysts gave the stock a conservation rating and three gave the stock a buy rating. According to MarketBeat data, Verra Mobility has an average rating of “Buy” and a consensus target price of $ 16.70.
VRRM opened at $ 14.65 on Thursday. The stock’s 50-day moving average price is $ 15.27, and its 200-day moving average price is $ 14.83. Verra Mobility has a 12-month low of $ 9.33 and a 12-month high of $ 17.50. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt ratio of 3.05. The company has a market cap of $ 2.38 billion, a price-to-earnings ratio of 45.78 and a beta of 1.50.
Several hedge funds have recently changed their positions in the company. IFP Advisors Inc increased its stake in Verra Mobility shares by 2,211.0% in the 3rd quarter. IFP Advisors Inc now owns 2,311 shares of the company valued at $ 77,000 after purchasing an additional 2,211 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Verra Mobility shares by 22.6% in the second quarter. Parametric Portfolio Associates LLC now owns 78,957 shares of the company valued at $ 1,214,000 after purchasing an additional 14,561 shares in the last quarter. Marshall Wace North America LP acquired a new stake in the shares of Verra Mobility in the second quarter for a value of approximately $ 1,333,000. Invesco Ltd. increased its stake in Verra Mobility shares by 10.8% in the second quarter. Invesco Ltd. now owns 116,800 shares of the company valued at $ 1,795,000 after purchasing an additional 11,353 shares during the period. Finally, Marathon Capital Management increased its stake in Verra Mobility shares by 9.9% in the second quarter. Marathon Capital Management now owns 19,335 shares of the company valued at $ 297,000 after purchasing an additional 1,739 shares during the period. Institutional investors hold 89.39% of the shares of the company.
In related news, CFO Patricia Chiodo sold 80,000 shares of the company in a transaction that took place on Thursday, August 12. The stock was sold at an average price of $ 15.93, for a total trade of $ 1,274,400.00. The transaction was disclosed in a file with the SEC, which is available at this link. In addition, General Counsel Rebecca Collins sold 5,750 shares of Verra Mobility in a transaction that took place on Monday, August 2. The shares were sold at an average price of $ 16.00, for a total value of $ 92,000.00. Following the closing of the transaction, the General Counsel now owns 18,345 shares of the company, valued at $ 293,520. Disclosure of this sale can be found here. Insiders have sold a total of 9,285,750 shares of the company valued at $ 135,686,400 in the past three months. Company insiders own 1.10% of the company’s shares.
Company profile Verra Mobility
Verra Mobility Corp. is committed to providing smart mobility technology solutions and services. It operates through the Government Solutions and Business Services segments. The Government Solutions segment provides traffic law enforcement products and services to state and local governments. The Commercial Services segment provides toll and offense management services to car rental companies, owners of commercial fleet vehicles and offense issuing authorities.
Featured article: S&P 500 Index
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Verra Mobility now?
Before you consider Verra Mobility, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and Verra Mobility was not on the list.
While Verra Mobility currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here