The closing price of Verra Mobility Corp (NASDAQ: VRRM) was $21.55 for the day, down -0.69% from the previous closing price of $21.70. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 1087107 shares were traded. VRRM stock price reached its highest trading level at $21.93 during the session, while it also had its lowest trading level at $21.32.
Ratios:
Our analysis of VRRM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.97 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 2.67 whereas as Long-Term Debt/Eq ratio is at 2.63.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on October 20, 2023, initiated with a Buy rating and assigned the stock a target price of $25.
On July 31, 2023, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $21 to $26.
Robert W. Baird Downgraded its Outperform to Neutral on July 13, 2022, while the target price for the stock was maintained at $18.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 14 when ROBERTS DAVID MARTIN sold 193,252 shares for $20.22 per share. The transaction valued at 3,908,425 led to the insider holds 568,370 shares of the business.
Conti Craig C sold 37,780 shares of VRRM for $723,196 on Aug 17. The EVP and CFO now owns 27,906 shares after completing the transaction at $19.14 per share. On May 08, another insider, Lalla Steve, who serves as the EVP Commercial Services of the company, sold 48,000 shares for $17.38 each. As a result, the insider received 834,416 and left with 4,697 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VRRM now has a Market Capitalization of 3.58B and an Enterprise Value of 4.55B. As of this moment, Verra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.75, and their Forward P/E ratio for the next fiscal year is 18.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.52 while its Price-to-Book (P/B) ratio in mrq is 8.87. Its current Enterprise Value per Revenue stands at 5.74 whereas that against EBITDA is 13.84.
Stock Price History:
Over the past 52 weeks, VRRM has reached a high of $24.34, while it has fallen to a 52-week low of $16.22. The 50-Day Moving Average of the stock is 22.50, while the 200-Day Moving Average is calculated to be 20.13.
Shares Statistics:
VRRM traded an average of 1.09M shares per day over the past three months and 993.91k shares per day over the past ten days. A total of 166.31M shares are outstanding, with a floating share count of 161.99M. Insiders hold about 2.60% of the company’s shares, while institutions hold 99.63% stake in the company. Shares short for VRRM as of Jan 31, 2024 were 2.06M with a Short Ratio of 1.90, compared to 2.43M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.24% and a Short% of Float of 1.77%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.31 and a low estimate of $0.23, while EPS last year was $0.25. The consensus estimate for the next quarter is $0.28, with high estimates of $0.31 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.15 and $1.07 for the fiscal current year, implying an average EPS of $1.1. EPS for the following year is $1.2, with 7 analysts recommending between $1.36 and $1.1.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $203.6M to a low estimate of $201.6M. As of the current estimate, Verra Mobility Corp’s year-ago sales were $186.07M, an estimated increase of 8.90% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $204.76M, an increase of 6.70% less than the figure of $8.90% in the same quarter last year. There is a high estimate of $206.2M for the next quarter, whereas the lowest estimate is $203.5M.
A total of 7 analysts have provided revenue estimates for VRRM’s current fiscal year. The highest revenue estimate was $809.9M, while the lowest revenue estimate was $806.5M, resulting in an average revenue estimate of $808.65M. In the same quarter a year ago, actual revenue was $741.6M, up 9.00% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $859.62M in the next fiscal year. The high estimate is $867.5M and the low estimate is $851.6M. The average revenue growth estimate for next year is up 6.30% from the average revenue estimate for this year.
