Verint Systems (VRNT) Set to Announce Earnings on Wednesday

Verint Systems (NASDAQ:VRNT) is scheduled to be releasing its earnings data after the market closes on Wednesday, December 4th. Analysts expect Verint Systems to post earnings of $0.43 per share for the quarter. Verint Systems has set its FY25 guidance at $2.90 EPS and its FY 2025 guidance at 2.900-2.900 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The business had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect Verint Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Verint Systems Trading Down 1.9 %

VRNT stock opened at $24.71 on Tuesday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.28. The company has a fifty day moving average price of $23.62 and a two-hundred day moving average price of $29.00. Verint Systems has a one year low of $21.27 and a one year high of $38.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Jefferies Financial Group decreased their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Wednesday, September 25th. TD Cowen dropped their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. Finally, Evercore ISI lowered their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.67.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at $15,324,707.20. This trade represents a 2.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 3,389 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the completion of the transaction, the chief financial officer now owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock valued at $874,014 in the last three months. Corporate insiders own 1.70% of the company’s stock.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.