Wall Street brokerages predict that Verint Systems Inc. (NASDAQ:VRNT) will report earnings per share (EPS) of $0.80 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Verint Systems’ earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.83. Verint Systems posted earnings of $0.76 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The company is scheduled to report its next earnings report on Wednesday, September 4th.
On average, analysts expect that Verint Systems will report full year earnings of $3.67 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.70. For the next financial year, analysts anticipate that the business will post earnings of $4.15 per share, with EPS estimates ranging from $4.00 to $4.22. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Verint Systems.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. The business had revenue of $324.16 million during the quarter, compared to analysts’ expectations of $317.97 million. Verint Systems had a return on equity of 13.60% and a net margin of 5.56%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share.
Several research firms have weighed in on VRNT. Wedbush restated an “outperform” rating and set a $70.00 target price (up from $63.00) on shares of Verint Systems in a research note on Tuesday, May 21st. BidaskClub cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. Imperial Capital upped their target price on Verint Systems from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Oppenheimer upped their target price on Verint Systems from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, ValuEngine cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Verint Systems currently has a consensus rating of “Buy” and an average price target of $67.00.
Shares of VRNT stock traded down $1.55 during trading on Friday, hitting $52.75. The company had a trading volume of 353,736 shares, compared to its average volume of 395,501. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.45 and a current ratio of 1.50. The firm has a market capitalization of $3.57 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The stock’s 50-day moving average price is $55.51 and its 200 day moving average price is $56.24. Verint Systems has a one year low of $39.96 and a one year high of $63.94.
In other Verint Systems news, CFO Douglas Robinson sold 3,096 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $55.19, for a total transaction of $170,868.24. Following the completion of the sale, the chief financial officer now directly owns 179,769 shares in the company, valued at $9,921,451.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 6,240 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $55.28, for a total value of $344,947.20. Following the sale, the chief executive officer now owns 747,953 shares of the company’s stock, valued at $41,346,841.84. The disclosure for this sale can be found here. Insiders have sold 35,959 shares of company stock valued at $2,014,527 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Large investors have recently made changes to their positions in the company. Investors Research Corp acquired a new position in shares of Verint Systems during the first quarter worth $30,000. Point72 Asset Management L.P. acquired a new position in shares of Verint Systems during the second quarter worth $54,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Verint Systems during the second quarter worth $58,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Verint Systems by 17,200.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock worth $62,000 after buying an additional 1,032 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Verint Systems by 179.5% during the first quarter. Quadrant Capital Group LLC now owns 1,311 shares of the technology company’s stock worth $78,000 after buying an additional 842 shares in the last quarter. Institutional investors own 97.12% of the company’s stock.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.
Further Reading: How does equity income fit into an investing strategy?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.