VerifyMe (VRME) to Release Quarterly Earnings on Tuesday

VerifyMe (NASDAQ:VRME) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $5.35 million for the quarter, compared to analyst estimates of $5.71 million. VerifyMe had a negative net margin of 7.18% and a negative return on equity of 10.86%. During the same quarter last year, the firm posted ($0.11) earnings per share. On average, analysts expect VerifyMe to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VerifyMe Price Performance

NASDAQ VRME opened at $1.25 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 0.14. The company has a market cap of $12.99 million, a P/E ratio of -7.35 and a beta of 0.67. VerifyMe has a 1 year low of $0.95 and a 1 year high of $2.45. The company has a fifty day simple moving average of $1.33 and a 200 day simple moving average of $1.40.

Wall Street Analyst Weigh In

Separately, Barrington Research dropped their price objective on shares of VerifyMe from $2.00 to $1.50 and set an “outperform” rating for the company in a report on Wednesday, August 14th.

VerifyMe Company Profile

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.