Manteca to have 20 red light cameras installed across city [CBS News]
Verra Mobility Corporation - Class A (VRRM)
Last verra mobility corporation - class a earnings: 3/2 04:05 pm
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Source: CBS News
The cameras will be installed by the end of November. The Manteca Police Department said they are needed to bring more safety to major intersections like Main Street and Louise Avenue. However, some residents have different views on whether these cameras should be installed at all. "I don't like it," Evangelina Sanchez said. She's lived in Manteca for over 10 years. "What [drivers will] do is try to beat it and they'll try and hit that yellow light," she said. "It's going to make it worse." Manteca Police Chief Stephen Schluer said a lot of intersection collisions are a result of red-light violations. "They're not just fender-benders. Usually, somebody is getting hurt," he said. How much is it costing the city? The police department says nothing, adding that the company Verra Mobility is covering installation, maintenance, and equipment. Verra Mobility will make its money back from tickets paid for by violators, taking a majority of the penalty to keep it cost-neutral
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News
- Thanksgiving weekend sees surges in traffic infractions; more than 150,000 speeding violations occurred last yearPR Newswire
- Verra Mobility's (NASDAQ:VRRM) Strong Earnings Are Of Good Quality [Yahoo! Finance]Yahoo! Finance
- Verra Mobility named to Fortune 100 Fastest-Growing Companies list for second year in a row [Yahoo! Finance]Yahoo! Finance
- Verra Mobility named to Fortune 100 Fastest-Growing Companies list for second year in a rowPR Newswire
- Verra Mobility Co. (NASDAQ: VRRM) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $31.00 to $29.00. They now have a "buy" rating on the stock.MarketBeat
VRRM
Earnings
- 10/31/24 - Beat
VRRM
Sec Filings
- 11/14/24 - Form SC
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- VRRM's page on the SEC website