Equities research analysts expect Verisk Analytics, Inc. (NASDAQ:VRSK) to announce $642.93 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Verisk Analytics’ earnings, with the highest sales estimate coming in at $647.94 million and the lowest estimate coming in at $638.47 million. Verisk Analytics posted sales of $598.70 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The company is scheduled to report its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Verisk Analytics will report full year sales of $2.57 billion for the current financial year, with estimates ranging from $2.56 billion to $2.58 billion. For the next fiscal year, analysts expect that the company will report sales of $2.74 billion, with estimates ranging from $2.71 billion to $2.77 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.10. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The business had revenue of $652.60 million for the quarter, compared to the consensus estimate of $642.61 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. Verisk Analytics’s revenue for the quarter was up 8.5% compared to the same quarter last year.
A number of research analysts have recently weighed in on the company. UBS Group lifted their price target on Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a report on Wednesday, July 10th. Zacks Investment Research downgraded Verisk Analytics from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Barclays restated a “buy” rating and issued a $155.00 target price on shares of Verisk Analytics in a research note on Sunday, May 5th. Bank of America boosted their target price on Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Deutsche Bank set a $137.00 target price on Verisk Analytics and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $138.89.
In other news, CAO David J. Grover sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $144.25, for a total transaction of $432,750.00. Following the completion of the sale, the chief accounting officer now owns 9,931 shares in the company, valued at approximately $1,432,546.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher M. Foskett sold 10,078 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $146.54, for a total value of $1,476,830.12. Following the sale, the director now owns 20,759 shares of the company’s stock, valued at approximately $3,042,023.86. The disclosure for this sale can be found here. Insiders own 2.71% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Verisk Analytics by 82.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,767 shares of the business services provider’s stock worth $1,432,000 after acquiring an additional 4,863 shares in the last quarter. Machina Capital S.A.S. bought a new stake in shares of Verisk Analytics during the 4th quarter worth about $417,000. Ownership Capital B.V. boosted its stake in shares of Verisk Analytics by 6.5% during the 1st quarter. Ownership Capital B.V. now owns 846,310 shares of the business services provider’s stock worth $112,559,000 after acquiring an additional 51,976 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Verisk Analytics by 10.9% during the 1st quarter. Hanseatic Management Services Inc. now owns 7,760 shares of the business services provider’s stock worth $1,032,000 after acquiring an additional 764 shares in the last quarter. Finally, AlphaStar Capital Management LLC lifted its position in shares of Verisk Analytics by 23.9% during the 1st quarter. AlphaStar Capital Management LLC now owns 4,588 shares of the business services provider’s stock worth $610,000 after purchasing an additional 884 shares during the last quarter. Institutional investors own 93.35% of the company’s stock.
Shares of VRSK stock traded up $0.31 on Friday, reaching $153.23. 854,532 shares of the company’s stock traded hands, compared to its average volume of 652,034. Verisk Analytics has a 12-month low of $102.74 and a 12-month high of $155.49. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $24.81 billion, a P/E ratio of 37.28, a P/E/G ratio of 3.39 and a beta of 0.76. The company has a 50 day moving average of $149.09.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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