Verisign, Inc. (VRSN) Expected to Post Earnings of $1.19 Per Share

Equities research analysts expect Verisign, Inc. (NASDAQ:VRSN) to announce earnings per share (EPS) of $1.19 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Verisign’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $1.18. Verisign posted earnings per share of $0.96 during the same quarter last year, which indicates a positive year over year growth rate of 24%. The firm is scheduled to issue its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Verisign will report full-year earnings of $4.62 per share for the current financial year, with EPS estimates ranging from $4.61 to $4.64. For the next fiscal year, analysts expect that the firm will report earnings of $5.24 per share, with EPS estimates ranging from $5.19 to $5.32. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Verisign.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.13. The business had revenue of $305.78 million during the quarter, compared to the consensus estimate of $305.25 million. Verisign had a negative return on equity of 37.20% and a net margin of 40.38%.



A number of research firms recently commented on VRSN. JPMorgan Chase & Co. boosted their price target on Verisign to $122.00 and gave the company an “underweight” rating in a research note on Monday, July 2nd. BidaskClub downgraded Verisign from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $160.00 price target on shares of Verisign in a research note on Friday, July 27th. Finally, Cowen reaffirmed a “hold” rating and issued a $155.00 price target on shares of Verisign in a research note on Friday, July 27th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $139.00.

A number of institutional investors have recently added to or reduced their stakes in VRSN. Glenmede Trust Co. NA bought a new position in Verisign in the second quarter valued at about $24,397,000. First Trust Advisors LP grew its position in Verisign by 10.4% in the second quarter. First Trust Advisors LP now owns 1,768,067 shares of the information services provider’s stock valued at $242,968,000 after acquiring an additional 166,951 shares during the last quarter. Northern Trust Corp grew its position in Verisign by 9.3% in the second quarter. Northern Trust Corp now owns 1,339,152 shares of the information services provider’s stock valued at $184,027,000 after acquiring an additional 113,409 shares during the last quarter. Standard Life Aberdeen plc grew its position in Verisign by 57.1% in the second quarter. Standard Life Aberdeen plc now owns 226,027 shares of the information services provider’s stock valued at $31,063,000 after acquiring an additional 82,159 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Verisign by 15.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 587,630 shares of the information services provider’s stock valued at $80,753,000 after acquiring an additional 80,687 shares during the last quarter. Hedge funds and other institutional investors own 92.80% of the company’s stock.

VRSN stock traded up $1.61 during midday trading on Friday, reaching $137.45. The company had a trading volume of 446,388 shares, compared to its average volume of 933,653. The company has a market cap of $17.49 billion, a PE ratio of 37.35 and a beta of 0.89. Verisign has a 1-year low of $105.40 and a 1-year high of $164.19. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of -1.29.

Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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