Verra Mobility Corporation (VRRM)

NASDAQ: VRRM · IEX Real-Time Price · USD
27.22
+0.39 (1.45%)
At close: Jul 2, 2024, 4:00 PM
26.79
-0.43 (-1.58%)
After-hours: Jul 2, 2024, 5:59 PM EDT
1.45%
Market Cap 4.53B
Revenue (ttm) 835.14M
Net Income (ttm) 81.59M
Shares Out 166.53M
EPS (ttm) 0.50
PE Ratio 54.44
Forward PE 21.89
Dividend n/a
Ex-Dividend Date n/a
Volume 719,490
Open 26.87
Previous Close 26.83
Day's Range 26.69 - 27.24
52-Week Range 17.04 - 28.46
Beta 1.22
Analysts Buy
Price Target 22.67 (-16.72%)
Earnings Date Aug 7, 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
CEO David Martin Roberts
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 $22.67, which is a decrease of -16.72% from the latest price.

Price Target
$22.67
(-16.72% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

6 days 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...

7 days 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...

14 days 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...

4 weeks 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...

4 weeks 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...

5 weeks 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 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

Verra Mobility Schedules First Quarter 2024 Earnings Call

MESA, Ariz. , April 23, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results...

2 months ago - PRNewsWire

Glancy Prongay & Murray LLP Announces Investigation of Verra Mobility Corporation (VRRM) (f/k/a Gores Holdings II, Inc.)

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Verra Mobility Corporation (Nasdaq: VRRM) (f/k/a Gores Holdings II, Inc.) concerning the Company and its d...

2 months ago - Business Wire

Verra Mobility appoints Cate Prescott as Chief People Officer

MESA, Ariz. , April 22, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced the appointment of Cate Prescott as t...

2 months ago - PRNewsWire

Verra Mobility Joins Connected Vehicle Systems Alliance (COVESA)

Verra Mobility will take an active role in the development of open standards and technology for connected vehicles as part of trusted global alliance of automotive experts MESA, Ariz. , April 9, 2024 ...

3 months ago - PRNewsWire

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Verra Mobility Corporation (NASDAQ: VRRM)

NEW YORK , April 1, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Verra Mobility Corporation (NASDAQ: VRRM) on behalf of the company's shareholders.  The investigatio...

3 months ago - PRNewsWire

VRRM LOSS ALERT: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Verra Mobility Corporation Investors to Inquire About Securities Class Action Investigation - VRRM

NEW YORK , March 5, 2024 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Verra Mobility ...

4 months ago - PRNewsWire

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Verra Mobility Corporation Investors to Inquire About Securities Class Action Investigation – VRRM

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Verra Mobility Corporation (NA...

4 months ago - Business Wire

Verra Mobility CEO discusses how 'smart mobility' makes cities safer

Verra Mobility president and CEO David Roberts joins 'The Exchange' to discuss innovations in smart mobility, David's outlook for the future of mobility, and more.

4 months ago - CNBC Television

Verra Mobility to Participate in the Morgan Stanley Technology, Media & Telecom Conference

MESA, Ariz. , March 1, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and Chie...

4 months ago - PRNewsWire

Verra Mobility Announces Fourth Quarter and Full Year 2023 Financial Results

Full year 2023 revenue of $817.3 million Full year 2023 net income of $57.0 million Full year 2023 cash flows from operations of $206.1 million MESA, Ariz. , Feb. 29, 2024 /PRNewswire/ -- Verra Mobili...

4 months ago - PRNewsWire

Verra Mobility partners with Florida community to deliver school zone safety solutions

Program aims to change driver behavior to slow down in school zones MESA, Ariz. , Feb. 27, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility solution...

4 months ago - PRNewsWire

Verra Mobility Schedules Fourth Quarter 2023 Earnings Call

MESA, Ariz. , Feb. 22, 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

Verra Mobility Announces Appointment of Raj Ratnakar to Its Board of Directors

Mr. Ratnakar brings decades of experience leading corporate strategy and M&A for large industrial and technology companies. MESA, Ariz.

4 months ago - PRNewsWire

Verra Mobility Releases Inaugural Corporate Responsibility Report

Report details company's strategy built on three core responsibility focus areas: Planet, People and Governance MESA, Ariz. , Jan. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a...

5 months ago - PRNewsWire

Thanksgiving weekend traffic data shows red-light running is most prevalent on Wednesdays

More speeding violations occur on Thanksgiving Day during the holiday weekend - the busiest travel period of the year MESA, Ariz., Nov. 21, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRR...

8 months ago - PRNewsWire

Verra Mobility to Participate at the UBS Global Technology Conference

MESA, Ariz., Nov. 20, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and Chief...

8 months ago - PRNewsWire

54% of Americans Think the Average Driver is Worse than Before the Pandemic, According to Verra Mobility Survey

40% feel less safe on the road than they did before the pandemic began in 2020 Survey of 2,000 U.S. drivers aged 25+ looked at vehicle ownership and perceptions around commuting and public transportat...

8 months ago - PRNewsWire