Zacks: Analysts Expect Verisk Analytics, Inc. (VRSK) Will Post Quarterly Sales of $520.48 Million
Wall Street brokerages expect that Verisk Analytics, Inc. (NASDAQ:VRSK) will announce $520.48 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Verisk Analytics’ earnings, with the highest sales estimate coming in at $527.70 million and the lowest estimate coming in at $518.00 million. Verisk Analytics posted sales of $498.30 million in the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, August 1st.
On average, analysts expect that Verisk Analytics will report full year sales of $520.48 million for the current financial year, with estimates ranging from $2.07 billion to $2.12 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.21 billion per share, with estimates ranging from $2.17 billion to $2.26 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, May 2nd. The business services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.04. The company had revenue of $502.60 million for the quarter, compared to analyst estimates of $511.99 million. Verisk Analytics had a return on equity of 37.52% and a net margin of 30.29%.
A number of brokerages have weighed in on VRSK. 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. Zacks Investment Research lowered Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Macquarie upgraded Verisk Analytics from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $95.00 in a research note on Friday, May 5th. BidaskClub upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 price objective (down from $83.00) on shares of Verisk Analytics in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $85.00.
Verisk Analytics (NASDAQ VRSK) traded up 0.28% during mid-day trading on Friday, reaching $86.51. The company had a trading volume of 881,499 shares. The stock has a 50 day moving average price of $83.28 and a 200-day moving average price of $81.82. The stock has a market capitalization of $14.30 billion, a P/E ratio of 24.31 and a beta of 0.65. Verisk Analytics has a 12-month low of $75.60 and a 12-month high of $87.40.
In other Verisk Analytics news, Director David B. Wright sold 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 22,025 shares of the company’s stock, valued at approximately $1,769,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 107,666 shares of the company’s stock, valued at approximately $8,986,881.02. The disclosure for this sale can be found here. Insiders have sold a total of 29,247 shares of company stock valued at $2,351,914 in the last ninety days. 3.41% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its position in shares of 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 raised its position in shares of 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. Ledyard National Bank raised its position in shares of 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. Atria Investments LLC purchased a new position in shares of Verisk Analytics during the second quarter valued at about $223,000. Finally, Weatherstone Capital Management raised its position in shares of Verisk Analytics by 5.3% in the first quarter. Weatherstone Capital Management now owns 2,818 shares of the business services provider’s stock valued at $229,000 after buying an additional 142 shares in the last quarter. 92.00% of the stock is owned by hedge funds and other 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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