Analysts Expect Verint Systems Inc. (VRNT) to Post $1.01 Earnings Per Share

Analysts expect that Verint Systems Inc. (NASDAQ:VRNT) will post earnings per share of $1.01 for the current quarter, Zacks reports. Three analysts have provided estimates for Verint Systems’ earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.03. Verint Systems posted earnings of $1.05 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The firm is expected to issue its next earnings report on Wednesday, March 27th.

According to Zacks, analysts expect that Verint Systems will report full-year earnings of $3.17 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.18. For the next financial year, analysts forecast that the firm will report earnings of $3.53 per share, with EPS estimates ranging from $3.50 to $3.58. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Verint Systems.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Thursday, December 6th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.14. The firm had revenue of $307.99 million during the quarter, compared to the consensus estimate of $305.38 million. Verint Systems had a net margin of 4.58% and a return on equity of 12.47%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS.

A number of analysts have recently weighed in on VRNT shares. ValuEngine raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. TheStreet lowered shares of Verint Systems from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd. BidaskClub raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Wedbush reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Verint Systems in a research note on Thursday, December 6th. Finally, Zacks Investment Research lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 16th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $56.00.

In other Verint Systems news, CFO Douglas Robinson sold 1,432 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $44.82, for a total transaction of $64,182.24. Following the transaction, the chief financial officer now directly owns 174,635 shares of the company’s stock, valued at approximately $7,827,140.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Nottenburg sold 5,675 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $46.13, for a total transaction of $261,787.75. Following the sale, the director now owns 9,849 shares in the company, valued at approximately $454,334.37. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of VRNT. Enlightenment Research LLC purchased a new position in shares of Verint Systems during the fourth quarter valued at $25,000. Quantamental Technologies LLC purchased a new position in Verint Systems in the fourth quarter valued at about $28,000. First Hawaiian Bank boosted its holdings in Verint Systems by 56.6% in the fourth quarter. First Hawaiian Bank now owns 1,146 shares of the technology company’s stock worth $48,000 after acquiring an additional 414 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Verint Systems by 162.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,235 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Prospect Capital Advisors LLC acquired a new stake in shares of Verint Systems during the third quarter worth about $150,000. Institutional investors own 96.72% of the company’s stock.

Shares of Verint Systems stock opened at $51.70 on Friday. Verint Systems has a 1-year low of $37.10 and a 1-year high of $53.12. The company has a quick ratio of 1.61, a current ratio of 1.65 and a debt-to-equity ratio of 0.64. The company has a market cap of $3.42 billion, a PE ratio of 29.21, a PEG ratio of 2.03 and a beta of 1.14.

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.

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