|Bid||10.00 x 1000|
|Ask||11.00 x 1000|
|Day's range||9.95 - 10.28|
|52-week range||5.63 - 17.20|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||44.41|
|Earnings date||06 Aug 2020 - 11 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.29|
With me on the call this afternoon is David Roberts, Verra Mobility's Chief Executive Officer; and Tricia Chiodo, Chief Financial Officer. The rental car industry has experienced significant declines in activity given the overall reduction in global travel.
Shares of Verra Mobility (NASDAQ: VRRM) are rising today, up 7.6% as of 11 a.m. EDT, after the smart-infrastructure provider reported first-quarter earnings that beat Wall Street's estimates. Verra Mobility reported earnings after the market closed on Monday, and they were better than analysts had expected. Verra's earnings and revenue both beat Wall Street's consensus estimates, which had called for a net profit of $0.02 per share on revenue of $105.43 million.
Verra Mobility (VRRM) to complete the Pagatelia acquisition soon. The buyout will likely strengthen the company's offerings (parking and tolling) to fleet and rental car companies in Europe.