Zacks: Brokerages Anticipate Verint Systems Inc. (VRNT) Will Post Earnings of $0.61 Per Share

Analysts expect Verint Systems Inc. (NASDAQ:VRNT) to report $0.61 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Verint Systems’ earnings, with estimates ranging from $0.60 to $0.62. Verint Systems reported earnings per share of $0.53 during the same quarter last year, which suggests a positive year over year growth rate of 15.1%. The firm is expected to issue its next quarterly earnings report on Thursday, June 6th.

According to Zacks, analysts expect that Verint Systems will report full-year earnings of $3.62 per share for the current financial year, with EPS estimates ranging from $3.60 to $3.68. For the next fiscal year, analysts expect that the business will report earnings of $4.04 per share, with EPS estimates ranging from $3.93 to $4.20. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Verint Systems.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.08. The firm had revenue of $330.20 million for the quarter, compared to analysts’ expectations of $332.54 million. Verint Systems had a return on equity of 12.77% and a net margin of 5.37%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share.

A number of research analysts have recently issued reports on VRNT shares. TheStreet upgraded shares of Verint Systems from a “c+” rating to a “b+” rating in a research report on Tuesday, February 19th. Imperial Capital boosted their price objective on shares of Verint Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, December 12th. Jefferies Financial Group initiated coverage on shares of Verint Systems in a report on Thursday, January 10th. They issued a “buy” rating and a $53.00 target price on the stock. Finally, BidaskClub upgraded Verint Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Verint Systems currently has a consensus rating of “Buy” and a consensus price target of $61.71.

In related news, CFO Douglas Robinson sold 1,432 shares of the stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $44.82, for a total value of $64,182.24. Following the sale, the chief financial officer now owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of VRNT. Vanguard Group Inc. raised its position in shares of Verint Systems by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,741,561 shares of the technology company’s stock worth $287,652,000 after acquiring an additional 101,210 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Verint Systems by 1.8% during the third quarter. Vanguard Group Inc now owns 5,741,561 shares of the technology company’s stock valued at $287,652,000 after acquiring an additional 101,210 shares during the period. Fisher Asset Management LLC boosted its holdings in Verint Systems by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,081,912 shares of the technology company’s stock valued at $88,086,000 after acquiring an additional 7,347 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Verint Systems by 58.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock valued at $85,083,000 after acquiring an additional 745,179 shares during the last quarter. Finally, American Capital Management Inc. boosted its holdings in Verint Systems by 2.3% in the fourth quarter. American Capital Management Inc. now owns 1,512,739 shares of the technology company’s stock valued at $64,004,000 after acquiring an additional 33,575 shares during the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

Shares of NASDAQ:VRNT traded up $0.56 on Wednesday, reaching $61.31. 6,892 shares of the company’s stock were exchanged, compared to its average volume of 676,702. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. Verint Systems has a fifty-two week low of $38.95 and a fifty-two week high of $61.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.52.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

Read More: What are the most popular ETFs

Get a free copy of the Zacks research report on Verint Systems (VRNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.