Verint Systems Inc. (NASDAQ:VRNT) Expected to Post Earnings of $0.82 Per Share

Wall Street brokerages expect that Verint Systems Inc. (NASDAQ:VRNT) will report earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Verint Systems’ earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.78. Verint Systems reported earnings of $0.76 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The company is expected to report its next quarterly earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Verint Systems will report full-year earnings of $3.67 per share for the current year, with EPS estimates ranging from $3.65 to $3.72. For the next financial year, analysts anticipate that the company will post earnings of $4.14 per share, with EPS estimates ranging from $4.00 to $4.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Verint Systems.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $324.16 million for the quarter, compared to analysts’ expectations of $317.97 million. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS.

A number of equities research analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Verint Systems from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Wedbush reaffirmed an “outperform” rating and set a $70.00 price objective (up previously from $63.00) on shares of Verint Systems in a research note on Tuesday, May 21st. Imperial Capital raised their price objective on shares of Verint Systems from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, ValuEngine cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $67.00.

Shares of NASDAQ VRNT traded down $1.35 during midday trading on Friday, reaching $55.42. 2,283 shares of the stock were exchanged, compared to its average volume of 377,668. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.03. Verint Systems has a twelve month low of $39.96 and a twelve month high of $63.94. The firm has a 50-day moving average price of $55.58. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 0.68.

In other news, Director Richard N. Nottenburg sold 5,076 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $56.01, for a total transaction of $284,306.76. Following the transaction, the director now owns 6,163 shares in the company, valued at approximately $345,189.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas Robinson sold 3,096 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $55.19, for a total value of $170,868.24. Following the transaction, the chief financial officer now owns 179,769 shares in the company, valued at approximately $9,921,451.11. The disclosure for this sale can be found here. Insiders have sold a total of 35,959 shares of company stock worth $2,014,527 in the last quarter. Insiders own 1.40% of the company’s stock.

Several large investors have recently made changes to their positions in VRNT. Investors Research Corp acquired a new stake in shares of Verint Systems in the 1st quarter worth $30,000. Truvestments Capital LLC acquired a new stake in shares of Verint Systems during the 1st quarter worth about $60,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Verint Systems by 17,200.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,032 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Verint Systems by 179.5% during the 1st quarter. Quadrant Capital Group LLC now owns 1,311 shares of the technology company’s stock worth $78,000 after purchasing an additional 842 shares during the last quarter. Finally, Psagot Investment House Ltd. increased its position in shares of Verint Systems by 123.7% during the 4th quarter. Psagot Investment House Ltd. now owns 5,512 shares of the technology company’s stock worth $137,000 after purchasing an additional 3,048 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

Verint Systems Company Profile

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.

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Earnings History and Estimates for Verint Systems (NASDAQ:VRNT)

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