Analysts expect Verint Systems (NASDAQ:VRNT) to announce $0.50 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Verint Systems’ earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.51. Verint Systems posted earnings of $0.49 per share during the same quarter last year, which would suggest a positive year over year growth rate of 2%. The business is expected to issue its next earnings report on Wednesday, June 6th.
On average, analysts expect that Verint Systems will report full year earnings of $3.10 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.11. For the next fiscal year, analysts anticipate that the business will post earnings of $3.34 per share, with EPS estimates ranging from $3.26 to $3.40. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Verint Systems.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 28th. The technology company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The firm had revenue of $318.73 million during the quarter, compared to analysts’ expectations of $313.98 million. Verint Systems had a positive return on equity of 10.57% and a negative net margin of 0.58%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS.
Several analysts have weighed in on the company. BidaskClub cut Verint Systems from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Zacks Investment Research cut Verint Systems from a “buy” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, Royal Bank of Canada boosted their price objective on Verint Systems from $48.00 to $50.00 and gave the stock a “positive” rating in a report on Thursday, March 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Verint Systems has an average rating of “Hold” and a consensus price target of $47.83.
Shares of NASDAQ:VRNT opened at $42.05 on Friday. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.96 and a beta of 1.03. Verint Systems has a 1-year low of $37.05 and a 1-year high of $44.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.55 and a quick ratio of 1.51.
Institutional investors have recently bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new position in shares of Verint Systems during the 1st quarter worth about $222,000. Jane Street Group LLC acquired a new position in shares of Verint Systems during the 1st quarter worth about $227,000. American Century Companies Inc. acquired a new position in shares of Verint Systems during the 4th quarter worth about $227,000. Bray Capital Advisors acquired a new position in shares of Verint Systems during the 4th quarter worth about $240,000. Finally, Catawba Capital Management VA acquired a new position in shares of Verint Systems during the 4th quarter worth about $243,000. Institutional investors own 95.25% of the company’s stock.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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