Zacks: Analysts Anticipate Verisk Analytics, Inc. (VRSK) Will Announce 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. Seven analysts have provided estimates for Verisk Analytics’ earnings, with the highest sales estimate coming in at $534.20 million and the lowest estimate coming in at $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 business is expected to announce its next earnings results 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 company will post sales of $2.22 billion per share, with estimates ranging from $2.16 billion to $2.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The firm had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
A number of analysts recently commented on VRSK shares. Royal Bank Of Canada reiterated a “hold” rating on shares of Verisk Analytics in a research report on Friday, August 4th. Credit Suisse Group reiterated a “neutral” rating and set a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a research report on Monday, August 21st. BMO Capital Markets lifted their price objective on Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.38.
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Verisk Analytics (NASDAQ:VRSK) opened at 81.03 on Friday. The firm has a market cap of $13.33 billion, a PE ratio of 29.45 and a beta of 0.68. Verisk Analytics has a 12 month low of $75.60 and a 12 month high of $88.17. The stock’s 50 day moving average is $81.81 and its 200 day moving average is $81.73.
In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total value of $808,200.00. Following the sale, the director now directly owns 13,951 shares of the company’s stock, valued at approximately $1,127,519.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was 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 directly owns 107,666 shares in the company, valued at $8,986,881.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,304 shares of company stock worth $1,413,638. 3.41% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of VRSK. Perigon Wealth Management LLC lifted its stake in shares of Verisk Analytics by 61.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 669 shares in the last quarter. Sentry Investment Management LLC lifted its stake in shares of Verisk Analytics by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 10,963 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 103 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Verisk Analytics by 17.5% in the 2nd quarter. Toronto Dominion Bank now owns 63,762 shares of the business services provider’s stock valued at $5,381,000 after purchasing an additional 9,500 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Verisk Analytics by 300.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Tandem Investment Advisors Inc. acquired a new position in shares of Verisk Analytics in the 2nd quarter valued at about $505,000. 93.33% of the stock is currently owned by hedge funds and other institutional investors.
About Verisk Analytics
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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