Brokerages 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. 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 after the market closes on Tuesday, October 31st.
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 $2.12 billion. For the next financial year, analysts expect that the company will post sales of $2.23 billion per share, with estimates ranging from $2.16 billion to $2.33 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 earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $523.20 million for 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%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS.
Several research firms recently commented on VRSK. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $82.00 price target (down previously from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $78.00 price target on shares of Verisk Analytics in a research note on Friday, October 13th. Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, BMO Capital Markets raised 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Verisk Analytics has an average rating of “Hold” and an average target price of $84.50.
Shares of Verisk Analytics (NASDAQ:VRSK) opened at 84.85 on Monday. The stock’s 50 day moving average is $82.75 and its 200-day moving average is $82.14. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 30.84 and a beta of 0.70. Verisk Analytics has a 52 week low of $75.60 and a 52 week high of $88.17.
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In other news, Director Christopher M. Foskett sold 1,304 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total value of $107,527.84. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the sale, the director now owns 13,951 shares in the company, valued at $1,127,519.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,304 shares of company stock worth $1,410,728. 3.41% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Mountain Pacific Investment Advisers Inc. ID boosted its holdings in shares of Verisk Analytics by 63.4% in the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock valued at $16,552,000 after buying an additional 77,185 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Verisk Analytics by 161.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock valued at $770,000 after buying an additional 5,720 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Verisk Analytics by 154.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock valued at $134,247,000 after buying an additional 979,475 shares in the last quarter. Shell Asset Management Co. boosted its holdings in shares of Verisk Analytics by 764.7% in the 3rd quarter. Shell Asset Management Co. now owns 147,295 shares of the business services provider’s stock valued at $8,969,000 after buying an additional 130,260 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in shares of Verisk Analytics by 4.9% in the 3rd quarter. Eqis Capital Management Inc. now owns 16,682 shares of the business services provider’s stock valued at $1,388,000 after buying an additional 772 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.
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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