Brokerages expect Verisk Analytics, Inc. (NASDAQ:VRSK) to post sales of $553.71 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Verisk Analytics’ earnings. The lowest sales estimate is $536.40 million and the highest is $570.95 million. Verisk Analytics reported sales of $506.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The firm is expected to report its next quarterly earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Verisk Analytics will report full year sales of $553.71 million for the current fiscal year, with estimates ranging from $2.11 billion to $2.15 billion. For the next year, analysts forecast that the business will report sales of $2.29 billion per share, with estimates ranging from $2.22 billion to $2.35 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The business had revenue of $549.10 million during the quarter, compared to the consensus estimate of $527.97 million. During the same quarter last year, the company earned $0.84 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year.
A number of research firms have recently weighed in on VRSK. Goldman Sachs Group, Inc. (The) began coverage on shares of Verisk Analytics in a research report on Wednesday. They set a “neutral” rating and a $89.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and set a $82.00 price target (down previously from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. Cantor Fitzgerald reissued a “buy” rating and set a $92.00 price target on shares of Verisk Analytics in a research report on Wednesday, November 1st. SunTrust Banks, Inc. reissued a “hold” rating and set a $85.00 price target on shares of Verisk Analytics in a research report on Wednesday, November 1st. Finally, Robert W. Baird reissued a “buy” rating on shares of Verisk Analytics in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $88.29.
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Shares of Verisk Analytics (NASDAQ VRSK) opened at $90.21 on Friday. Verisk Analytics has a 1 year low of $75.60 and a 1 year high of $92.92. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $14,957.32, a P/E ratio of 28.38, a PEG ratio of 3.22 and a beta of 0.76.
In other Verisk Analytics news, Director Christopher M. Foskett sold 5,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $91.02, for a total value of $500,610.00. Following the sale, the director now directly owns 15,489 shares in the company, valued at $1,409,808.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David J. Grover sold 7,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $92.45, for a total value of $647,150.00. Following the completion of the sale, the chief accounting officer now owns 13,028 shares in the company, valued at $1,204,438.60. The disclosure for this sale can be found here. Insiders sold 318,146 shares of company stock worth $27,443,084 over the last quarter. 3.41% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of VRSK. HighTower Advisors LLC raised its stake in shares of Verisk Analytics by 2.7% during the second quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 104 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its stake in Verisk Analytics by 63.4% in the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock worth $16,552,000 after purchasing an additional 77,185 shares in the last quarter. Dock Street Asset Management Inc. increased its stake in Verisk Analytics by 40.1% in the 2nd quarter. Dock Street Asset Management Inc. now owns 81,080 shares of the business services provider’s stock worth $6,841,000 after purchasing an additional 23,192 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Verisk Analytics in the 3rd quarter worth about $266,000. Finally, Rockefeller Financial Services Inc. increased its stake in Verisk Analytics by 25.5% in the 2nd quarter. Rockefeller Financial Services Inc. now owns 3,794 shares of the business services provider’s stock worth $320,000 after purchasing an additional 772 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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