Analysts expect Verint Systems Inc. (NASDAQ:VRNT) to post earnings per share of $0.53 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Verint Systems’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.53. Verint Systems reported earnings per share of $1.02 during the same quarter last year, which would indicate a negative year over year growth rate of 48%. The company is expected to announce its next earnings report after the market closes on Thursday, December 2nd.
According to Zacks, 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 company 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 averages are an average based on a survey of analysts that cover Verint Systems.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, September 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.16. The company had revenue of $215.00 million for the quarter, compared to analyst estimates of $207.96 million. Verint Systems had a positive return on equity of 14.17% and a negative net margin of 0.36%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share.
In related news, CFO Douglas Robinson sold 2,627 shares of the firm’s stock in a transaction dated Monday, September 27th. The shares were sold at an average price of $45.94, for a total value of $120,684.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 7,787 shares of the firm’s stock in a transaction dated Thursday, September 23rd. The shares were sold at an average price of $45.50, for a total transaction of $354,308.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,730 shares of company stock valued at $1,328,181. 1.90% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of VRNT. Dark Forest Capital Management LP purchased a new position in Verint Systems in the second quarter valued at about $29,000. Freemont Management S.A. purchased a new position in Verint Systems in the third quarter valued at about $88,000. William Blair Investment Management LLC purchased a new position in Verint Systems in the second quarter valued at about $89,000. Maverick Capital Ltd. purchased a new position in Verint Systems in the third quarter valued at about $150,000. Finally, Caxton Associates LP purchased a new position in Verint Systems in the third quarter valued at about $202,000.
Shares of VRNT stock traded up $0.30 during mid-day trading on Thursday, hitting $48.10. 365,512 shares of the stock were exchanged, compared to its average volume of 893,023. Verint Systems has a 12-month low of $27.65 and a 12-month high of $52.70. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -178.15, a P/E/G ratio of 2.35 and a beta of 0.84. The stock’s fifty day simple moving average is $46.44 and its two-hundred day simple moving average is $45.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.45 and a current ratio of 1.46.
About Verint Systems
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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