Equities research analysts expect Verisign, Inc. (NASDAQ:VRSN) to report earnings per share (EPS) of $1.19 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Verisign’s earnings. The highest EPS estimate is $1.21 and the lowest is $1.18. Verisign reported earnings of $1.00 per share during the same quarter last year, which would indicate a positive year over year growth rate of 19%. The company is scheduled to report its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Verisign will report full-year earnings of $4.61 per share for the current fiscal year, with EPS estimates ranging from $4.59 to $4.64. For the next year, analysts anticipate that the firm will post earnings of $5.22 per share, with EPS estimates ranging from $5.15 to $5.32. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Verisign.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 26th. The information services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $302.47 million. Verisign had a net margin of 40.38% and a negative return on equity of 37.20%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share.

A number of equities research analysts have recently commented on VRSN shares. Zacks Investment Research cut shares of Verisign from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Verisign from $122.00 to $123.00 and gave the company an “underweight” rating in a research report on Friday, July 27th. Robert W. Baird reiterated a “hold” rating and issued a $160.00 target price on shares of Verisign in a research report on Friday, July 27th. BidaskClub upgraded shares of Verisign from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Finally, Citigroup increased their target price on shares of Verisign from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $138.60.

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc increased its position in shares of Verisign by 2.5% during the second quarter. CIBC Asset Management Inc now owns 13,209 shares of the information services provider’s stock valued at $1,815,000 after acquiring an additional 328 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in shares of Verisign by 12.1% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 3,838 shares of the information services provider’s stock valued at $527,000 after acquiring an additional 413 shares during the last quarter. Fiera Capital Corp increased its position in shares of Verisign by 15.5% during the first quarter. Fiera Capital Corp now owns 3,172 shares of the information services provider’s stock valued at $376,000 after acquiring an additional 425 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Verisign by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,820 shares of the information services provider’s stock valued at $5,472,000 after purchasing an additional 429 shares during the period. Finally, Eqis Capital Management Inc. boosted its stake in shares of Verisign by 8.0% in the second quarter. Eqis Capital Management Inc. now owns 5,827 shares of the information services provider’s stock valued at $801,000 after purchasing an additional 430 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

VRSN opened at $152.70 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of -1.29. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 41.49 and a beta of 0.86. Verisign has a 52-week low of $97.38 and a 52-week high of $159.11.

Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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