Equities research analysts expect Verisk Analytics, Inc. (NASDAQ:VRSK) to announce earnings of $1.12 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Verisk Analytics’ earnings. The lowest EPS estimate is $1.10 and the highest is $1.17. Verisk Analytics posted earnings of $1.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 29th.
On average, analysts expect that Verisk Analytics will report full-year earnings of $4.42 per share for the current fiscal year, with EPS estimates ranging from $4.36 to $4.50. For the next year, analysts forecast that the business will report earnings of $4.89 per share, with EPS estimates ranging from $4.75 to $5.08. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.10. The firm had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $642.61 million. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share.
A number of brokerages recently issued reports on VRSK. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Thursday. Bank of America boosted their price objective on shares of Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group upped their price target on shares of Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Verisk Analytics presently has a consensus rating of “Hold” and an average target price of $138.89.
NASDAQ VRSK traded down $1.67 during trading on Friday, reaching $155.76. 717,965 shares of the stock traded hands, compared to its average volume of 644,406. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of 37.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.72. The stock’s 50-day moving average price is $156.70 and its 200 day moving average price is $143.86. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.21. Verisk Analytics has a fifty-two week low of $102.74 and a fifty-two week high of $164.97.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 12th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.33%.
In other news, Director Constantine Iordanou sold 2,122 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $153.01, for a total value of $324,687.22. Following the sale, the director now owns 59,214 shares of the company’s stock, valued at $9,060,334.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David B. Wright sold 14,728 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the completion of the sale, the director now directly owns 26,207 shares in the company, valued at approximately $3,988,443.33. The disclosure for this sale can be found here. 2.71% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in VRSK. Nuveen Asset Management LLC lifted its position in shares of Verisk Analytics by 25,700.2% in the second quarter. Nuveen Asset Management LLC now owns 1,208,999 shares of the business services provider’s stock worth $177,070,000 after purchasing an additional 1,204,313 shares in the last quarter. AKO Capital LLP bought a new stake in shares of Verisk Analytics in the first quarter worth $93,699,000. BlackRock Inc. lifted its position in shares of Verisk Analytics by 4.4% in the second quarter. BlackRock Inc. now owns 11,898,449 shares of the business services provider’s stock worth $1,742,646,000 after purchasing an additional 502,068 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Verisk Analytics by 129.7% in the first quarter. Federated Investors Inc. PA now owns 816,491 shares of the business services provider’s stock worth $108,594,000 after purchasing an additional 461,047 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Verisk Analytics by 2,216.3% in the first quarter. FMR LLC now owns 424,897 shares of the business services provider’s stock worth $56,511,000 after purchasing an additional 406,553 shares in the last quarter. 91.40% of the stock is currently owned by institutional investors and hedge funds.
Verisk Analytics Company Profile
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.
Featured Article: Dead Cat Bounce
Get a free copy of the Zacks research report on Verisk Analytics (VRSK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.