Equities analysts forecast that Verint Systems (NASDAQ:VRNT) will post earnings per share of $0.50 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Verint Systems’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.50. Verint Systems posted earnings of $0.49 per share in 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 results on Wednesday, June 6th.
According to Zacks, analysts expect that Verint Systems will report full-year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $3.09 to $3.11. For the next fiscal year, analysts forecast that the firm will post earnings of $3.34 per share, with EPS estimates ranging from $3.26 to $3.40. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Verint Systems had a positive return on equity of 10.57% and a negative net margin of 0.58%. The business had revenue of $318.73 million during the quarter, compared to analyst estimates of $313.98 million. During the same period last year, the company earned $0.90 earnings per share. Verint Systems’s quarterly revenue was up 7.7% compared to the same quarter last year.
Several analysts recently issued reports on VRNT shares. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Saturday, December 23rd. Oppenheimer reiterated a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a report on Wednesday, December 20th. BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Royal Bank of Canada increased their target price on shares of Verint Systems from $48.00 to $50.00 and gave the stock a “positive” rating in a research 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 issued a buy rating to the company. Verint Systems has an average rating of “Hold” and a consensus target price of $47.83.
Shares of NASDAQ:VRNT traded down $0.15 during midday trading on Friday, hitting $40.80. 316,964 shares of the stock were exchanged, compared to its average volume of 385,552. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Verint Systems has a 52-week low of $37.05 and a 52-week high of $44.55. The firm has a market cap of $2,614.09, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.91 and a beta of 1.01.
Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. acquired a new position in Verint Systems during the third quarter worth $151,000. Magnetar Financial LLC acquired a new position in Verint Systems during the third quarter worth $202,000. American Century Companies Inc. acquired a new position in Verint Systems during the fourth quarter worth $227,000. Bray Capital Advisors acquired a new stake in shares of Verint Systems in the fourth quarter valued at about $240,000. Finally, Catawba Capital Management VA acquired a new stake in shares of Verint Systems in the fourth quarter valued at about $243,000. 95.40% of the stock is currently owned by hedge funds and other institutional investors.
About Verint Systems
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance.
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