Verra Mobility (NASDAQ:VRRM – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.200-1.200 for the period, compared to the consensus EPS estimate of 1.180. The company issued revenue guidance of $880.0 million-$880.0 million, compared to the consensus revenue estimate of $872.6 million.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley lifted their price objective on Verra Mobility from $19.00 to $20.00 and gave the stock an equal weight rating in a research report on Tuesday, February 27th.
Read Our Latest Stock Report on VRRM
Verra Mobility Trading Up 1.9 %
Verra Mobility (NASDAQ:VRRM – Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $211.01 million during the quarter, compared to the consensus estimate of $201.76 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. On average, sell-side analysts anticipate that Verra Mobility will post 1.07 earnings per share for the current fiscal year.
Insider Transactions at Verra Mobility
In other news, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $22.41, for a total value of $174,551.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John H. Rexford sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the sale, the director now owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.
About Verra Mobility
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.
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