Verra Mobility (VRRM) Stock Price, News & Analysis

Company Overview

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners. The Government Solutions segment offers automated safety solutions to national, state, and local government agencies, including services and technologies that enable photo enforcement through road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. This segment serves municipalities, counties, school districts, and law enforcement agencies. The Parking Solutions segment provides an integrated suite of parking software and hardware solutions to universities, municipalities, parking operators, healthcare facilities, and transportation hubs. Verra Mobility Corporation was incorporated in 2016 and is headquartered in Mesa, Arizona.

Key Stats

• Today's Range: $22.84 to $23.12
• 50-Day Range: $22.68 to $27.95
• 52-Week Range: $19.63 to $31.03
• Volume: 952,011 shs
• Average Volume: 1.52 million shs
• Market Capitalization: $3.79 billion
• P/E Ratio: 38.28
• Dividend Yield: N/A
• Price Target: $27.33
• Consensus Rating: Hold

Verra Mobility Stock Analysis - MarketRank™

Verra Mobility scored higher than 47% of companies evaluated by MarketBeat, and ranked 117th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Verra Mobility has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Verra Mobility has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 7.41%

Earnings Growth

Earnings for Verra Mobility are expected to grow by 7.41% in the coming year, from $1.08 to $1.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Verra Mobility is 38.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Verra Mobility is 38.28, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.17.

Price to Earnings Growth Ratio

Verra Mobility has a PEG Ratio of 2.05. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Verra Mobility has a P/B Ratio of 7.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.58% of the float of Verra Mobility has been sold short.

Short Interest Ratio / Days to Cover

Verra Mobility has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Verra Mobility has recently decreased by 12.15%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Verra Mobility does not currently pay a dividend.

Dividend Growth

Verra Mobility does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.58% of the float of Verra Mobility has been sold short.

Short Interest Ratio / Days to Cover

Verra Mobility has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Verra Mobility has recently decreased by 12.15%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.32

News Sentiment

Verra Mobility has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Verra Mobility this week, compared to 4 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Verra Mobility insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.96% of the stock of Verra Mobility is held by insiders.

VRRM Stock Analysis - Frequently Asked Questions

How have VRRM shares performed this year?

Verra Mobility's stock was trading at $23.03 at the beginning of the year. Since then, VRRM stock has decreased by 0.3% and is now trading at $22.97.
View the best growth stocks for 2024 here.

How were Verra Mobility's earnings last quarter?

Verra Mobility Co. (NASDAQ:VRRM) announced its quarterly earnings data on Thursday, October, 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. Verra Mobility's revenue was up 7.4% compared to the same quarter last year.

Who are Verra Mobility's major shareholders?

Top institutional investors of Verra Mobility include Wellington Management Group LLP (4.89%), State Street Corp (3.82%), Handelsbanken Fonder AB (2.41%) and Geode Capital Management LLC (2.37%). Insiders that own company stock include David Martin Roberts, John H Rexford, Craig C Conti, Michael P Huerta, Jonathan Baldwin, Steve Lalla, Platinum Equity Llc, Jonathan Keyser and Rebecca Collins.
View institutional ownership trends.

How do I buy shares of Verra Mobility?

Shares of VRRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Verra Mobility own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Verra Mobility investors own include NVIDIA (NVDA), Home Depot (HD), Meta Platforms (META), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Tesla (TSLA) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Transportation services
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:VRRM
• CUSIP: N/A
• CIK: 1682745
• Web: www.verramobility.com
• Phone: (480) 443-7000
• Fax: 310-209-3310
• Employees: 1,788
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $27.33
• High Stock Price Target: $29.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +19.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.60
• Trailing P/E Ratio: 38.28
• Forward P/E Ratio: 21.27
• P/E Growth: 2.09
• Net Income: $57.01 million
• Net Margins: 11.64%
• Pretax Margin: 15.68%
• Return on Equity: 38.97%
• Return on Assets: 9.74%

Debt

• Debt-to-Equity Ratio: 2.13
• Current Ratio: 2.61
• Quick Ratio: 2.52

Sales & Book Value

• Annual Sales: $817.31 million
• Price / Sales: 4.63
• Cash Flow: $1.63 per share
• Price / Cash Flow: 14.06
• Book Value: $2.53 per share
• Price / Book: 9.08

Miscellaneous

• Outstanding Shares: 164,800,000
• Free Float: 163,222,000
• Market Cap: $3.79 billion
• Optionable: Optionable
• Beta: 1.27