Barrington Research Lifts Earnings Estimates for VerifyMe

VerifyMe, Inc. (NASDAQ:VRME) – Equities research analysts at Barrington Research raised their FY2024 earnings estimates for shares of VerifyMe in a research note issued on Wednesday, November 13th. Barrington Research analyst M. Petusky now forecasts that the company will post earnings of ($0.15) per share for the year, up from their previous 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 announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. VerifyMe had a negative net margin of 13.15% and a negative return on equity of 11.15%. The business had revenue of $5.35 million during the quarter, compared to analysts’ expectations of $5.71 million. During the same period in the previous year, the business posted ($0.11) EPS.

VerifyMe Stock Up 2.1 %

Shares of NASDAQ VRME opened at $0.98 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.73 and a current ratio of 1.74. VerifyMe has a 12 month low of $0.90 and a 12 month high of $2.45. The company has a 50 day simple moving average of $1.31 and a two-hundred day simple moving average of $1.39.

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.