Vertex (NASDAQ:VERX – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Vertex to post earnings of $0.14 per share for the quarter. Vertex has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.
Vertex (NASDAQ:VERX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Vertex had a net margin of 3.20% and a return on equity of 22.32%. The firm had revenue of $161.10 million for the quarter, compared to analyst estimates of $160.66 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue was up 15.3% on a year-over-year basis. On average, analysts expect Vertex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Vertex Stock Up 0.8 %
Shares of NASDAQ:VERX opened at $42.80 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.43. Vertex has a 12 month low of $21.92 and a 12 month high of $43.33. The firm has a market cap of $6.66 billion, a P/E ratio of 356.67, a P/E/G ratio of 12.02 and a beta of 0.68. The company’s 50-day moving average price is $38.67 and its two-hundred day moving average price is $35.71.
Insider Activity at Vertex
Wall Street Analysts Forecast Growth
VERX has been the topic of a number of research reports. Baird R W upgraded shares of Vertex to a “strong-buy” rating in a research report on Tuesday, July 23rd. Robert W. Baird initiated coverage on shares of Vertex in a research report on Tuesday, July 23rd. They set an “outperform” rating and a $43.00 target price on the stock. Finally, JMP Securities upped their target price on shares of Vertex from $42.00 to $47.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.30.
Read Our Latest Stock Analysis on VERX
About Vertex
Vertex, Inc, together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools.
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