Verra Mobility Corporation (VRRM) Q4 2024 Earnings Call Transcript
Verra Mobility Corporation (NASDAQ:VRRM ) Q4 2024 Results Conference Call February 27, 2025 5:00 PM ET Company Participants Mark Zindler - VP, IR David Roberts - CEO Craig Conti - CFO Conference Call Participants Faiza Alwy - Deutsche Bank Nikolai Cremo - UBS Louie DiPalma - William Blair David Koning - Baird Shefali Tamaskar - Morgan Stanley Operator Good day, and thank you for standing by. Welcome to Verra Mobility's Fourth Quarter 2024 Earnings Conference Call.
VERRA MOBILITY CORP (VRRM) Q4 Earnings and Revenues Beat Estimates
VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.24 per share a year ago.
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Verra Mobility Corporation (VRRM) Q3 2024 Earnings Call Transcript
Verra Mobility Corporation (NASDAQ:VRRM ) Q3 2024 Earnings Conference Call October 31, 2024 5:00 PM ET Company Participants Mark Zindler - VP, IR David Roberts - CEO Craig Conti - CFO Conference Call Participants Nik Cremo - UBS Daniel Moore - CJS Securities Faiza Alwy - Deutsche Bank Dave Koning - Baird Keith Housum - Northcoast Research Shefali Tamaskar - Morgan Stanley Noah Levitz - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to the Verra Mobility Third Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.
VERRA MOBILITY CORP (VRRM) Q3 Earnings Surpass Estimates
VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.29 per share a year ago.
Verra Mobility Corporation (VRRM) Q2 2024 Earnings Call Transcript
Verra Mobility Corporation (NASDAQ:VRRM ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Mark Zindler – Investor Relations David Roberts – Chief Executive Officer Craig Conti – Chief Financial Officer Conference Call Participants Faiza Alwy – Duetsche Bank Daniel Moore – CJS Securities Keith Housum – Northcoast Research Louie DiPalma – William Blair David Koning – Baird Operator Good afternoon, ladies and gentlemen, and welcome to the Verra Mobility Second Quarter 2024 Earnings Call. At this time all lines are in a listen-only mode.
VERRA MOBILITY CORP (VRRM) Q2 Earnings and Revenues Beat Estimates
VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.29 per share a year ago.
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Verra Mobility boasts high customer renewal rates, and the vast majority of its sales are recurring. The company has a long growth runway ahead with cross-selling and geographic expansion potential.
Verra Mobility (VRRM), Bluedot Unite on EV Charging for Fleets
Verra Mobility (VRRM) partners with Bluedot to provide easy charging access for its fleet customers.
Natixis Advisors L.P. Takes $353,000 Position in Verra Mobility Co. (NASDAQ:VRRM)
Natixis Advisors L.P. acquired a new position in shares of Verra Mobility Co. (NASDAQ:VRRM – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,353 shares of the company’s stock, valued at approximately $353,000. A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank increased its position in shares of Verra Mobility by 20.1% during the fourth quarter. Swiss National Bank now owns 317,600 shares of the company’s stock worth $7,314,000 after purchasing an additional 53,100 shares in the last quarter. Headlands Technologies LLC acquired a new position in Verra Mobility during the 4th quarter valued at about $73,000. Meritage Portfolio Management raised its stake in Verra Mobility by 5.6% in the fourth quarter. Meritage Portfolio Management now owns 30,399 shares of the company’s stock valued at $700,000 after buying an additional 1,605 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Verra Mobility in the fourth quarter worth about $65,000. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Verra Mobility by 18.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 95,309 shares of the company’s stock worth $2,195,000 after acquiring an additional 14,854 shares during the last quarter. Analyst Ratings Changes Separately, Morgan Stanley increased their price objective on shares of Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 27th. Read Our Latest Report on Verra Mobility Insider Transactions at Verra Mobility In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total value of $228,200.00. Following the sale, the director now directly owns 41,275 shares of the company’s stock, valued at $941,895.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John H. Rexford sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the completion of the transaction, the director now owns 41,275 shares of the company’s stock, valued at $941,895.50. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock. Verra Mobility Stock Performance Shares of VRRM opened at $27.33 on Monday. The stock has a 50-day moving average of $24.82 and a two-hundred day moving average of $22.84. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.64 and a current ratio of 2.75. The stock has a market cap of $4.55 billion, a P/E ratio of 54.66, a P/E/G ratio of 1.84 and a beta of 1.16. Verra Mobility Co. has a one year low of $17.04 and a one year high of $27.80. Verra Mobility (NASDAQ:VRRM – Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. The firm had revenue of $211.01 million during the quarter, compared to analysts’ expectations of $201.76 million. As a group, research analysts predict that Verra Mobility Co. will post 1.09 EPS for the current year. Verra Mobility Profile (Free Report) 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.
