Q4 2017 EPS Estimates for Verisk Analytics, Inc. Reduced by Analyst (VRSK)
Verisk Analytics, Inc. (NASDAQ:VRSK) – Research analysts at William Blair lowered their Q4 2017 EPS estimates for shares of Verisk Analytics in a report released on Wednesday. William Blair analyst T. Mchugh now expects that the business services provider will post earnings of $0.78 per share for the quarter, down from their prior forecast of $0.80. William Blair also issued estimates for Verisk Analytics’ Q2 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.46 EPS and FY2019 earnings at $3.75 EPS.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. The firm had revenue of $549.10 million for the quarter, compared to the consensus estimate of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 38.75%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS.
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VRSK has been the topic of several other reports. Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 target price on shares of Verisk Analytics in a research report on Wednesday. Robert W. Baird reissued a “buy” rating on shares of Verisk Analytics in a research report on Wednesday. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Morgan Stanley raised their target price on Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, BMO Capital Markets raised their target price on Verisk Analytics to $91.00 and gave the stock a “market perform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $85.25.
A number of institutional investors and hedge funds have recently modified their holdings of VRSK. Veritable L.P. increased its stake in Verisk Analytics by 1.3% in the 2nd quarter. Veritable L.P. now owns 3,170 shares of the business services provider’s stock worth $267,000 after acquiring an additional 41 shares during the last quarter. Gotham Asset Management LLC increased its stake in Verisk Analytics by 1.7% in the 2nd quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock worth $228,000 after acquiring an additional 46 shares during the last quarter. Fiera Capital Corp increased its stake in Verisk Analytics by 0.6% in the 2nd quarter. Fiera Capital Corp now owns 8,778 shares of the business services provider’s stock worth $741,000 after acquiring an additional 54 shares during the last quarter. First Manhattan Co. increased its stake in Verisk Analytics by 1.6% in the 2nd quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock worth $308,000 after acquiring an additional 58 shares during the last quarter. Finally, Bancorpsouth Inc. increased its stake in Verisk Analytics by 1.2% in the 2nd quarter. Bancorpsouth Inc. now owns 5,674 shares of the business services provider’s stock worth $479,000 after acquiring an additional 66 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.
In related news, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 of the company’s stock, valued at approximately $823,692.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wright sold 10,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 6th. The shares were 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 in the company, valued at approximately $1,127,519.82. The disclosure for this sale can be found here. Insiders have sold a total of 229,530 shares of company stock worth $19,475,282 in the last three months. 3.41% of the stock is owned by corporate 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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