Barrington Research Lifts Earnings Estimates for VerifyMe

VerifyMe, Inc. (NASDAQ:VRME) – Stock analysts at Barrington Research upped their FY2024 earnings estimates for shares of VerifyMe in a research note issued to investors on Wednesday, November 13th. Barrington Research analyst M. Petusky now expects that the company will post earnings per share of ($0.15) for the year, up from their prior estimate of ($0.19). Barrington Research has a “Outperform” rating and a $1.50 price objective on the stock. The consensus estimate for VerifyMe’s current full-year earnings is ($0.19) per share. Barrington Research also issued estimates for VerifyMe’s Q1 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.17) EPS and FY2026 earnings at ($0.17) EPS.

VerifyMe (NASDAQ:VRME) last posted its 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 business had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.71 million. VerifyMe had a negative net margin of 13.15% and a negative return on equity of 11.15%. During the same quarter last year, the firm posted ($0.11) EPS.

VerifyMe Trading Up 2.1 %

NASDAQ VRME opened at $0.98 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.74 and a quick ratio of 1.73. The company’s 50-day simple moving average is $1.31 and its two-hundred day simple moving average is $1.39. VerifyMe has a one year low of $0.90 and a one year high of $2.45.

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.