Verra Mobility Corporation (VRRM)

NASDAQ: VRRM · Real-Time Price · USD
22.97
-0.04 (-0.17%)
At close: Nov 20, 2024, 4:00 PM
23.15
+0.18 (0.78%)
After-hours: Nov 20, 2024, 5:14 PM EST
-0.17%
Market Cap 3.79B
Revenue (ttm) 868.72M
Net Income (ttm) 101.13M
Shares Out 164.80M
EPS (ttm) 0.60
PE Ratio 38.00
Forward PE 25.88
Dividend n/a
Ex-Dividend Date n/a
Volume 841,302
Open 22.99
Previous Close 23.01
Day's Range 22.84 - 23.12
52-Week Range 19.63 - 31.03
Beta 1.28
Analysts Buy
Price Target 27.33 (+18.98%)
Earnings Date Oct 31, 2024

About VRRM

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 ... [Read more]

Sector Industrials
Founded 2016
Employees 1,788
Stock Exchange NASDAQ
Ticker Symbol VRRM
Full Company Profile

Financial Performance

In 2023, Verra Mobility's revenue was $817.31 million, an increase of 10.21% compared to the previous year's $741.60 million. Earnings were $57.02 million, a decrease of -38.35%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for VRRM stock is "Buy." The 12-month stock price forecast is $27.33, which is an increase of 18.98% from the latest price.

Price Target
$27.33
(18.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Thanksgiving weekend sees surges in traffic infractions; more than 150,000 speeding violations occurred last year

Verra Mobility proprietary data shows the Wednesday before Thanksgiving sees more than 50,000 red-light violations MESA, Ariz. , Nov. 11, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM)...

9 days ago - PRNewsWire

Top 3 Industrials Stocks That Could Blast Off In Q4

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: HBANJBI
14 days ago - Benzinga

Verra Mobility named to Fortune 100 Fastest-Growing Companies list for second year in a row

Recognition demonstrates Verra Mobility's continued growth, business performance and smart mobility market-leading positions MESA, Ariz. , Nov. 4, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASD...

16 days ago - PRNewsWire

Verra Mobility: Valuation Got Cheaper And Fundamentals Remain Sound (Rating Upgrade)

Verra Mobility delivered solid 3Q24 results, driven by strong growth in its core segments, Commercial Services and Government Solutions. The company's growth prospects remain strong, supported by the ...

19 days ago - Seeking Alpha

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 ...

20 days ago - Seeking Alpha

Verra Mobility Announces Third Quarter 2024 Financial Results

Total revenue of $225.6 million Net income of $34.7 million Net cash provided from operations of $108.8 million Increasing 2024 Adjusted Free Cash Flow guidance and reaffirming all other financial gui...

20 days ago - PRNewsWire

Verra Mobility launches National School Bus Safety Week campaign to raise awareness around school bus safety

Organizations are encouraged to download and share the free toolkit, including social media posts and digital collateral, to advocate for safer school transportation MESA, Ariz. , Oct. 21, 2024 /PRNew...

4 weeks ago - PRNewsWire

Verra Mobility to implement California's first automated speed safety program in San Francisco

Partnership with San Francisco Municipal Transportation Agency involves 33 speed camera locations; program expected to be fully operational early 2025 MESA, Ariz. , Oct. 16, 2024 /PRNewswire/ -- Verra...

5 weeks ago - PRNewsWire

Verra Mobility Schedules Third Quarter 2024 Earnings Call

MESA, Ariz. , Oct. 10, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results ...

5 weeks ago - PRNewsWire

51% of Americans find the idea of a vehicle being a "digital wallet" appealing; 54% would enable this feature if available

Verra Mobility conducted a connected vehicle survey of Americans who own or lease a vehicle 2019 or newer explores attitudes and awareness about current and future technology MESA, Ariz. , Sept. 24, 2...

2 months ago - PRNewsWire

Harshad Kharche joins Verra Mobility as Senior Vice President of Business Transformation

Brings 15 years of experience driving continuous improvement and business integration at Fortive and Danaher MESA, Ariz. , Sept. 9, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a le...

2 months ago - PRNewsWire

Verra Mobility appoints Lin Bo to lead company's parking business, T2 Systems

MESA, Ariz. , Aug. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the appointment of Lin Bo as senior vi...

2 months ago - PRNewsWire

Verra Mobility partners with Xtract to offer incident management solutions to vehicle fleet customers

Verra Mobility's tolling, violation and title and registration customers can leverage Xtract's platform and connected vehicle data to detect and analyze collision events in near-real time MESA, Ariz. ...

3 months ago - PRNewsWire

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 Crai...

3 months ago - Seeking Alpha

Verra Mobility Announces Second Quarter 2024 Financial Results

Total revenue of $222.4 million Net income of $34.2 million Net cash provided from operations of $40.0 million Reaffirming 2024 financial guidance MESA, Ariz., Aug. 8, 2024 /PRNewswire/ -- Verra Mobil...

3 months ago - PRNewsWire

Verra Mobility Schedules Second Quarter 2024 Earnings Call

MESA, Ariz. , July 16, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results ...

4 months ago - PRNewsWire

New Urban Mobility Technology Study finds 93% of U.S. cities are preparing for driverless vehicles within five years

Verra Mobility polled city technology leaders who shared how they are turning to technology to navigate revolutionary transportation trends such as AI, EVs, and connected vehicles while improving road...

5 months ago - PRNewsWire

Verra Mobility and Hayden AI partner to facilitate automated bus lane and bus stop enforcement

Safety, privacy, and innovation are key components to partnership MESA, Ariz. , June 25, 2024 /PRNewswire/ --  Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technolog...

5 months ago - PRNewsWire

Verra Mobility partners with Bluedot to offer electric vehicle charging capabilities to fleets

Partnership alleviates some of the challenges that fleets must navigate in the electrification of vehicles such as range, battery limitations and automated payments solutions MESA, Ariz. , June 18, 20...

5 months ago - PRNewsWire

Verra Mobility (VRRM) CEO on Smart Mobility

Verra Mobility (VRRM) provides automated toll and violations management, title, and registration services. CEO David Roberts joins Oliver Renick to give an overview of the company and discuss smart mo...

6 months ago - Schwab Network

Verra Mobility receives Great Place To Work Certification™ for third year in a row

82% of U.S. employees say Verra Mobility is a great place to work compared to just 57% of employees at a typical U.S.-based company MESA, Ariz. , May 30, 2024 /PRNewswire/ -- Verra Mobility Corporatio...

6 months ago - PRNewsWire

Verra Mobility to participate in two investor conferences in June 2024

MESA, Ariz. , May 23, 2024 /PRNewswire/ --  Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will participate in two upcomi...

6 months ago - PRNewsWire

Verra Mobility partners with Florida's Polk County Public Schools to help protect students' safety on school buses

More than 500 buses to be equipped with safety camera technology MESA, Ariz. , May 8, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology so...

7 months ago - PRNewsWire

Verra Mobility Corp (VRRM) Q1 2024 Earnings Call Transcript

Verra Mobility Corp (NASDAQ:VRRM) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Mark Zindler – Vice President-Investor Relations David Roberts – Chief Executive Officer...

7 months ago - Seeking Alpha

Verra Mobility Announces First Quarter 2024 Financial Results

Total revenue of $209.7 million Net income of $29.1 million Generated cash flows from operations of $34.3 million Increasing 2024 financial guidance MESA, Ariz. , May 2, 2024 /PRNewswire/ -- Verra Mob...

7 months ago - PRNewsWire