Verisk Analytics, Inc. (VRSK) Expected to Announce Earnings of $0.78 Per Share
Brokerages forecast that Verisk Analytics, Inc. (NASDAQ:VRSK) will report $0.78 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Verisk Analytics’ earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.76. Verisk Analytics reported earnings per share of $0.84 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The company is expected to issue its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Verisk Analytics will report full-year earnings of $3.13 per share for the current year, with EPS estimates ranging from $3.05 to $3.21. For the next year, analysts anticipate that the business will report earnings of $3.40 per share, with EPS estimates ranging from $3.25 to $3.51. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business had revenue of $523.20 million for the quarter, compared to analyst estimates of $519.67 million. During the same period last year, the business earned $0.73 EPS. The company’s revenue was up 5.0% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and issued a $82.00 target price (down from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BMO Capital Markets upped their target price on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. UBS AG restated a “sell” rating and issued a $75.00 target price (up from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $85.00 target price (up from $80.00) on shares of Verisk Analytics in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $85.00.
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In related news, Director David B. Wright sold 15,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $80.32, for a total value of $1,204,800.00. Following the sale, the director now directly owns 22,025 shares of the company’s stock, valued at $1,769,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John F. Lehman sold 8,247 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $78.72, for a total transaction of $649,203.84. Following the completion of the sale, the director now directly owns 115,073 shares in the company, valued at $9,058,546.56. The disclosure for this sale can be found here. Insiders sold 26,247 shares of company stock worth $2,104,414 over the last ninety days. 3.41% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake in Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock valued at $112,000 after buying an additional 380 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after buying an additional 418 shares in the last quarter. Huntington National Bank boosted its stake in Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock valued at $131,000 after buying an additional 354 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its stake in Verisk Analytics by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock valued at $165,000 after buying an additional 100 shares in the last quarter. Finally, Ledyard National Bank boosted its stake in Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock valued at $169,000 after buying an additional 600 shares in the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Verisk Analytics (NASDAQ:VRSK) traded down 0.30% during midday trading on Tuesday, hitting $82.27. 222,906 shares of the stock were exchanged. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $88.17. The firm has a market cap of $13.54 billion, a P/E ratio of 29.91 and a beta of 0.66. The firm has a 50 day moving average of $84.67 and a 200 day moving average of $82.11.
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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