Verra Mobility Corporation (VRRM)

NASDAQ: VRRM · Real-Time Price · USD
26.73
-0.39 (-1.44%)
Oct 21, 2024, 4:00 PM EDT - Market closed
-1.44%
Market Cap 4.40B
Revenue (ttm) 853.10M
Net Income (ttm) 96.70M
Shares Out 164.66M
EPS (ttm) 0.58
PE Ratio 46.24
Forward PE 29.60
Dividend n/a
Ex-Dividend Date n/a
Volume 678,323
Open 27.14
Previous Close 27.12
Day's Range 26.72 - 27.18
52-Week Range 18.76 - 31.03
Beta 1.27
Analysts Buy
Price Target 29.00 (+8.49%)
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 $29.0, which is an increase of 8.49% from the latest price.

Price Target
$29.0
(8.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

7 hours 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 days 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 ...

11 days 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...

27 days 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...

6 weeks 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...

7 weeks 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. ...

2 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...

2 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...

2 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 ...

3 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...

4 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...

4 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...

4 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...

5 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...

5 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...

5 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...

5 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...

6 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...

6 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...

6 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...

6 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...

6 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 ...

6 months ago - PRNewsWire

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.

8 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...

8 months ago - PRNewsWire