Verisk Analytics, Inc. (VRSK) Expected to Announce Quarterly Sales of $528.28 Million
Equities analysts predict that Verisk Analytics, Inc. (NASDAQ:VRSK) will announce $528.28 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Verisk Analytics’ earnings, with the lowest sales estimate coming in at $514.94 million and the highest estimate coming in at $534.20 million. Verisk Analytics reported sales of $498.08 million in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Verisk Analytics will report full year sales of $528.28 million for the current financial year, with estimates ranging from $2.07 billion to $2.11 billion. For the next year, analysts forecast that the firm will report sales of $2.22 billion per share, with estimates ranging from $2.16 billion to $2.28 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million during the quarter, compared to analyst estimates of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. Verisk Analytics’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS.
A number of equities analysts have issued reports on VRSK shares. BMO Capital Markets reiterated a “hold” rating and issued a $83.00 price objective on shares of Verisk Analytics in a report on Friday, September 15th. Zacks Investment Research downgraded Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $90.00 price target on Verisk Analytics and gave the company a “buy” rating in a report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Verisk Analytics has an average rating of “Hold” and a consensus target price of $84.83.
Shares of Verisk Analytics (VRSK) opened at 83.87 on Thursday. Verisk Analytics has a 52 week low of $75.60 and a 52 week high of $88.17. The firm’s 50-day moving average is $81.58 and its 200-day moving average is $81.82. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 30.49 and a beta of 0.70.
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In related news, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the completion of the sale, the director now directly owns 9,989 shares in the company, valued at approximately $823,692.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew G. Mills sold 1,232 shares of Verisk Analytics stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $82.50, for a total value of $101,640.00. Following the completion of the sale, the director now owns 104,293 shares of the company’s stock, valued at $8,604,172.50. The disclosure for this sale can be found here. Insiders have sold 17,304 shares of company stock valued at $1,410,728 over the last 90 days. Corporate insiders own 3.41% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC increased its holdings in Verisk Analytics by 45.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after buying an additional 418 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Verisk Analytics by 40.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after buying an additional 380 shares in the last quarter. Huntington National Bank increased its holdings in Verisk Analytics by 29.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after buying an additional 354 shares in the last quarter. Advisory Services Network LLC increased its holdings in 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 worth $143,000 after buying an additional 1,268 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in 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 worth $149,000 after buying an additional 669 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.
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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