Wall Street analysts expect that Verisk Analytics, Inc. (NASDAQ:VRSK) will report $645.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Verisk Analytics’ earnings, with estimates ranging from $640.86 million to $649.07 million. Verisk Analytics reported sales of $601.30 million during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The company is scheduled to report its next earnings results on Tuesday, July 30th.
On average, analysts expect that Verisk Analytics will report full-year sales of $2.57 billion for the current year, with estimates ranging from $2.56 billion to $2.58 billion. For the next financial year, analysts expect that the business will report sales of $2.74 billion, with estimates ranging from $2.72 billion to $2.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. The company had revenue of $625.00 million for the quarter, compared to analysts’ expectations of $618.14 million. Verisk Analytics had a net margin of 24.60% and a return on equity of 33.36%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share.
Several research firms have recently commented on VRSK. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Robert W. Baird set a $137.00 price target on shares of Verisk Analytics and gave the stock an “outperform” rating in a research report on Wednesday, February 20th. UBS Group upped their price target on shares of Verisk Analytics from $100.00 to $106.00 and gave the stock a “sell” rating in a research report on Tuesday, March 12th. BidaskClub lowered shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank set a $137.00 price target on shares of Verisk Analytics and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $130.00.
In other news, Director Christopher M. Foskett sold 10,078 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $146.54, for a total value of $1,476,830.12. Following the completion of the sale, the director now directly owns 20,759 shares of the company’s stock, valued at $3,042,023.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $128.15, for a total transaction of $395,983.50. Following the transaction, the insider now directly owns 37,127 shares in the company, valued at approximately $4,757,825.05. The disclosure for this sale can be found here. Insiders sold a total of 22,259 shares of company stock valued at $3,116,542 in the last quarter. 2.71% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Verisk Analytics by 16.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 88,571 shares of the business services provider’s stock valued at $11,780,000 after acquiring an additional 12,486 shares during the period. Meridian Wealth Management LLC acquired a new stake in Verisk Analytics in the first quarter worth about $53,000. Advisory Services Network LLC grew its position in shares of Verisk Analytics by 261.2% during the 1st quarter. Advisory Services Network LLC now owns 950 shares of the business services provider’s stock worth $126,000 after buying an additional 687 shares during the period. Horizon Investments LLC grew its position in shares of Verisk Analytics by 7.4% during the 1st quarter. Horizon Investments LLC now owns 19,278 shares of the business services provider’s stock worth $2,564,000 after buying an additional 1,326 shares during the period. Finally, FMR LLC grew its position in shares of Verisk Analytics by 2,216.3% during the 1st quarter. FMR LLC now owns 424,897 shares of the business services provider’s stock worth $56,511,000 after buying an additional 406,553 shares during the period. Institutional investors own 93.51% of the company’s stock.
Shares of NASDAQ:VRSK traded up $0.28 on Tuesday, reaching $145.62. 3,852 shares of the company’s stock were exchanged, compared to its average volume of 887,047. The stock has a market capitalization of $23.89 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 3.26 and a beta of 0.77. Verisk Analytics has a fifty-two week low of $102.74 and a fifty-two week high of $147.94. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69.
The company also recently declared a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s dividend payout ratio is currently 6.08%.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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