Verisk Analytics (VRSK) Expected to Announce Quarterly Sales of $565.47 Million

Equities research analysts expect Verisk Analytics (NASDAQ:VRSK) to announce $565.47 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Verisk Analytics’ earnings, with the highest sales estimate coming in at $578.30 million and the lowest estimate coming in at $537.80 million. Verisk Analytics posted sales of $502.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The company is scheduled to report its next earnings report after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Verisk Analytics will report full year sales of $2.35 billion for the current financial year, with estimates ranging from $2.29 billion to $2.40 billion. For the next fiscal year, analysts expect that the company will report sales of $2.51 billion per share, with estimates ranging from $2.43 billion to $2.58 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Verisk Analytics.

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Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.56. The business had revenue of $570.30 million during the quarter, compared to the consensus estimate of $557.09 million. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share.

Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Morgan Stanley increased their price objective on Verisk Analytics from $91.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Saturday, January 6th. ValuEngine raised Verisk Analytics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, JPMorgan Chase raised Verisk Analytics from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $103.07.

Shares of VRSK stock traded down $0.19 during trading hours on Monday, hitting $107.38. The stock had a trading volume of 567,073 shares, compared to its average volume of 763,185. The company has a market capitalization of $17,763.78, a P/E ratio of 33.45, a PEG ratio of 2.47 and a beta of 0.67. Verisk Analytics has a twelve month low of $75.60 and a twelve month high of $108.58. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.19.

In other news, SVP Vincent De P. Mccarthy sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $104.25, for a total transaction of $834,000.00. Following the completion of the sale, the senior vice president now owns 33,715 shares in the company, valued at $3,514,788.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lee Shavel purchased 399 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $94.05 per share, with a total value of $37,525.95. Following the purchase, the chief financial officer now directly owns 23,128 shares of the company’s stock, valued at $2,175,188.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,110 shares of company stock valued at $112,570 and have sold 401,642 shares valued at $41,814,853. 3.19% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in VRSK. Dupont Capital Management Corp purchased a new position in Verisk Analytics in the fourth quarter worth $112,000. Fusion Family Wealth LLC purchased a new position in Verisk Analytics in the fourth quarter worth $116,000. Virtue Capital Management LLC purchased a new position in Verisk Analytics in the fourth quarter worth $121,000. Calton & Associates Inc. purchased a new position in Verisk Analytics in the fourth quarter worth $183,000. Finally, IBM Retirement Fund purchased a new position in Verisk Analytics in the fourth quarter worth $219,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

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About Verisk Analytics

Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.

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Earnings History and Estimates for Verisk Analytics (NASDAQ:VRSK)

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