VerifyMe (VRME) to Post Quarterly Earnings on Tuesday

VerifyMe (NASDAQ:VRME) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 13th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

VerifyMe (NASDAQ:VRME) last posted its earnings results on Tuesday, May 14th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $5.76 million for the quarter, compared to analyst estimates of $5.92 million. VerifyMe had a negative return on equity of 16.79% and a negative net margin of 9.30%. During the same period last year, the company earned ($0.11) earnings per share. On average, analysts expect VerifyMe to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VerifyMe Stock Performance

VRME opened at $1.05 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.86 and a current ratio of 1.87. The company has a market cap of $10.69 million, a PE ratio of -4.57 and a beta of 0.63. The stock has a 50-day moving average of $1.35 and a 200-day moving average of $1.40. VerifyMe has a 52-week low of $0.85 and a 52-week high of $2.45.

Analyst Upgrades and Downgrades

Separately, Barrington Research decreased their target price on VerifyMe from $2.00 to $1.70 and set an “outperform” rating for the company in a research report on Friday, May 24th.

About VerifyMe

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.