Zacks: Brokerages Anticipate Verisk Analytics, Inc. (VRSK) Will Post Quarterly Sales of $553.71 Million
Analysts expect Verisk Analytics, Inc. (NASDAQ:VRSK) to post sales of $553.71 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Verisk Analytics’ earnings, with estimates ranging from $536.40 million to $570.95 million. Verisk Analytics posted sales of $506.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 20th.
On average, analysts expect that Verisk Analytics will report full year sales of $553.71 million for the current financial year, with estimates ranging from $2.11 billion to $2.15 billion. For the next year, analysts anticipate that the company will post sales of $2.29 billion per share, with estimates ranging from $2.22 billion to $2.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The company had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same quarter last year, the firm earned $0.84 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis.
In related news, 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 transaction, the director now 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 the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $92.72, for a total value of $278,160.00. The disclosure for this sale can be found here. Insiders have sold 321,146 shares of company stock valued at $27,721,244 in the last quarter. 3.41% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in VRSK. Vanguard Group Inc. boosted its holdings in shares of Verisk Analytics by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after purchasing an additional 734,200 shares during the last quarter. Harding Loevner LP increased its stake in shares of Verisk Analytics by 95.4% during the 3rd quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock worth $243,146,000 after purchasing an additional 2,855,204 shares in the last quarter. Janus Henderson Group PLC grew its stake in Verisk Analytics by 1,487.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock worth $464,275,000 after acquiring an additional 5,156,187 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Verisk Analytics by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 4,041,740 shares of the business services provider’s stock valued at $336,233,000 after purchasing an additional 47,683 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Verisk Analytics by 3.5% during the 2nd quarter. Alliancebernstein L.P. now owns 3,124,769 shares of the business services provider’s stock valued at $263,637,000 after acquiring an additional 106,402 shares in the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.
Shares of Verisk Analytics (VRSK) opened at $96.42 on Friday. The stock has a market cap of $15,920.00, a P/E ratio of 29.76, a PEG ratio of 3.38 and a beta of 0.76. Verisk Analytics has a fifty-two week low of $75.60 and a fifty-two week high of $96.92. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36.
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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