Verra Mobility (NASDAQ:VRRM) Posts Earnings Results

Verra Mobility (NASDAQ:VRRM) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30, Zacks reports. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. Verra Mobility updated its FY 2025 guidance to 1.300-1.350 EPS.

Verra Mobility Stock Performance

Shares of Verra Mobility stock traded up $0.04 during trading on Thursday, reaching $25.95. The company’s stock had a trading volume of 1,008,996 shares, compared to its average volume of 1,049,149. The company has a 50-day moving average price of $25.41 and a two-hundred day moving average price of $25.67. The firm has a market cap of $4.28 billion, a PE ratio of 43.25, a P/E/G ratio of 2.18 and a beta of 1.24. Verra Mobility has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VRRM shares. Robert W. Baird dropped their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley decreased their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th.

Verra Mobility Company Profile

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.