Zacks: Analysts Anticipate Verisk Analytics, Inc. (VRSK) Will Post Quarterly Sales of $528.28 Million
Equities research analysts expect Verisk Analytics, Inc. (NASDAQ:VRSK) to report sales of $528.28 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Verisk Analytics’ earnings. The highest sales estimate is $534.20 million and the lowest is $514.94 million. Verisk Analytics posted sales of $498.08 million in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The firm is expected to issue its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Verisk Analytics will report full-year sales of $528.28 million for the current year, with estimates ranging from $2.07 billion to $2.11 billion. For the next financial year, analysts expect that the business will report sales of $2.22 billion per share, with estimates ranging from $2.16 billion to $2.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping 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 company posted $0.73 EPS. The business’s revenue was up 5.0% on a year-over-year basis.
VRSK has been the topic of several recent analyst reports. Credit Suisse Group reissued a “neutral” rating and set a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a research note on Thursday, August 3rd. UBS AG reaffirmed a “sell” rating and set a $75.00 price target (up previously from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. SunTrust Banks, Inc. downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Thursday, August 3rd. BMO Capital Markets increased their price target on shares of Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. 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 company currently has a consensus rating of “Hold” and an average price target of $85.00.
Verisk Analytics (NASDAQ:VRSK) opened at 81.53 on Thursday. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $88.17. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 29.64 and a beta of 0.66. The firm has a 50-day moving average of $84.54 and a 200-day moving average of $82.15.
In other news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $83.47, for a total value of $250,410.00. Following the completion of the sale, the director now owns 107,666 shares of the company’s stock, valued at $8,986,881.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Wright sold 15,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $80.32, for a total transaction of $1,204,800.00. Following the completion of the sale, the director now directly owns 22,025 shares of the company’s stock, valued at approximately $1,769,048. The disclosure for this sale can be found here. Insiders sold 27,551 shares of company stock valued at $2,211,942 in the last three months. Company insiders own 3.41% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. First Manhattan Co. raised its stake in Verisk Analytics by 1.6% in the second quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock valued at $308,000 after buying an additional 58 shares during the last quarter. Mason Street Advisors LLC raised its stake in Verisk Analytics by 0.4% in the first quarter. Mason Street Advisors LLC now owns 21,378 shares of the business services provider’s stock valued at $1,735,000 after buying an additional 75 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Verisk Analytics by 2.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,242 shares of the business services provider’s stock valued at $322,000 after buying an additional 87 shares during the last quarter. Conning Inc. raised its stake in Verisk Analytics by 3.1% in the first quarter. Conning Inc. now owns 2,990 shares of the business services provider’s stock valued at $243,000 after buying an additional 90 shares during the last quarter. Finally, Shell Asset Management Co. raised its stake in Verisk Analytics by 0.6% in the first quarter. Shell Asset Management Co. now owns 16,342 shares of the business services provider’s stock valued at $1,326,000 after buying an additional 92 shares during the last quarter. 93.14% of the stock is owned by institutional investors.
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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