Zacks: Analysts Anticipate Verint Systems Inc. (NASDAQ:VRNT) Will Announce Earnings of $0.53 Per Share

Brokerages expect Verint Systems Inc. (NASDAQ:VRNT) to post earnings per share of $0.53 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Verint Systems’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.53. Verint Systems posted earnings per share of $1.02 during the same quarter last year, which indicates a negative year-over-year growth rate of 48%. The company is scheduled to report its next earnings report on Wednesday, December 8th.

On average, analysts expect that Verint Systems will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.26. For the next fiscal year, analysts anticipate that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.48 to $2.54. Zacks Investment Research’s earnings per share 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, September 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.16. The firm had revenue of $215.00 million during the quarter, compared to analyst estimates of $207.96 million. Verint Systems had a negative net margin of 0.36% and a positive return on equity of 13.51%. Verint Systems’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 3rd. Evercore ISI assumed coverage on shares of Verint Systems in a research note on Wednesday, June 2nd. They set an “outperform” rating and a $75.00 target price for the company. Cowen assumed coverage on shares of Verint Systems in a research note on Wednesday, September 1st. They set an “outperform” rating and a $75.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 price target on shares of Verint Systems in a research report on Friday, September 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Verint Systems currently has an average rating of “Buy” and an average target price of $65.38.

In other news, CFO Douglas Robinson sold 2,454 shares of the stock in a transaction dated Monday, June 28th. The shares were sold at an average price of $45.12, for a total transaction of $110,724.48. Following the sale, the chief financial officer now owns 235,726 shares of the company’s stock, valued at $10,635,957.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of VRNT. State of New Jersey Common Pension Fund D raised its holdings in Verint Systems by 14.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 47,324 shares of the technology company’s stock valued at $2,153,000 after acquiring an additional 6,107 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Verint Systems in the first quarter valued at approximately $377,000. CWM Advisors LLC acquired a new stake in Verint Systems in the first quarter valued at approximately $457,000. Virginia Retirement Systems ET AL raised its holdings in Verint Systems by 6.1% in the first quarter. Virginia Retirement Systems ET AL now owns 5,200 shares of the technology company’s stock valued at $237,000 after acquiring an additional 300 shares in the last quarter. Finally, BTC Capital Management Inc. raised its holdings in Verint Systems by 76.1% in the first quarter. BTC Capital Management Inc. now owns 5,261 shares of the technology company’s stock valued at $239,000 after acquiring an additional 2,273 shares in the last quarter.

VRNT stock traded up $0.37 during mid-day trading on Friday, hitting $44.16. 7,448 shares of the company were exchanged, compared to its average volume of 995,279. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.89 billion, a P/E ratio of -162.19, a PEG ratio of 2.17 and a beta of 0.86. The business has a fifty day simple moving average of $43.16 and a 200-day simple moving average of $45.38. Verint Systems has a 12-month low of $22.83 and a 12-month high of $52.70.

Verint Systems Company Profile

Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.

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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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