Verisk Analytics, Inc. (VRSK) Releases Earnings Results, Beats Expectations By $0.06 EPS
Verisk Analytics, Inc. (NASDAQ:VRSK) issued its earnings results on Tuesday. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06, Bloomberg Earnings reports. The business had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 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 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS.
Verisk Analytics (VRSK) traded up 7.03% during midday trading on Wednesday, reaching $91.03. 565,178 shares of the company traded hands. Verisk Analytics has a 12 month low of $75.60 and a 12 month high of $91.34. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 33.09 and a beta of 0.70. The firm’s 50 day moving average price is $83.34 and its 200 day moving average price is $82.43.
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird restated a “buy” rating on shares of Verisk Analytics in a research note on Wednesday. UBS AG restated a “sell” rating and issued a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. SunTrust Banks, Inc. lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 target price on shares of Verisk Analytics and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $78.00 target price on shares of Verisk Analytics in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $84.58.
In other news, Director Andrew G. Mills sold 1,232 shares of Verisk Analytics stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $82.50, for a total transaction of $101,640.00. Following the sale, the director now directly owns 104,293 shares in the company, valued at approximately $8,604,172.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the sale, the director now owns 9,989 shares in the company, valued at $823,692.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,530 shares of company stock worth $19,475,282. 3.41% of the stock is owned by company insiders.
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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