Brokerages Expect Verisk Analytics, Inc. (NASDAQ:VRSK) Will Announce Quarterly Sales of $775.94 Million

Wall Street analysts expect Verisk Analytics, Inc. (NASDAQ:VRSK) to announce sales of $775.94 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Verisk Analytics’ earnings, with the lowest sales estimate coming in at $768.30 million and the highest estimate coming in at $793.32 million. Verisk Analytics reported sales of $713.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is scheduled to announce its next earnings results on Tuesday, February 22nd.

On average, analysts expect that Verisk Analytics will report full year sales of $3.01 billion for the current fiscal year, with estimates ranging from $2.99 billion to $3.03 billion. For the next financial year, analysts anticipate that the company will post sales of $3.22 billion, with estimates ranging from $3.18 billion to $3.25 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Verisk Analytics.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, November 2nd. The business services provider reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.07. Verisk Analytics had a return on equity of 30.63% and a net margin of 23.78%. The firm had revenue of $759.00 million for the quarter, compared to analyst estimates of $754.44 million. During the same quarter last year, the company earned $1.32 EPS.

VRSK has been the topic of several recent analyst reports. Raymond James lifted their price target on Verisk Analytics from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, November 5th. Morgan Stanley reduced their price objective on Verisk Analytics from $209.00 to $207.00 and set an “overweight” rating on the stock in a research report on Thursday, August 5th. Royal Bank of Canada boosted their price objective on Verisk Analytics from $203.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 28th. Truist Securities boosted their price objective on Verisk Analytics from $205.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. Finally, Truist lifted their target price on Verisk Analytics from $205.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 4th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Verisk Analytics has an average rating of “Buy” and a consensus target price of $222.00.

Shares of VRSK opened at $228.21 on Friday. Verisk Analytics has a 52-week low of $159.79 and a 52-week high of $231.57. The business’s fifty day moving average is $211.73 and its 200-day moving average is $193.78. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $36.78 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 3.96 and a beta of 0.77.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 31st. Shareholders of record on Wednesday, December 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, December 14th. Verisk Analytics’s payout ratio is presently 27.10%.

In related news, COO Mark V. Anquillare sold 20,479 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $230.37, for a total transaction of $4,717,747.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott G. Stephenson sold 66,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 27th. The stock was sold at an average price of $208.42, for a total value of $13,859,930.00. The disclosure for this sale can be found here. Insiders sold a total of 158,798 shares of company stock worth $33,751,516 over the last three months. 2.28% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Verisk Analytics by 1.7% during the 3rd quarter. BlackRock Inc. now owns 11,541,346 shares of the business services provider’s stock worth $2,311,386,000 after purchasing an additional 189,905 shares in the last quarter. State Street Corp grew its holdings in shares of Verisk Analytics by 0.4% in the second quarter. State Street Corp now owns 6,863,173 shares of the business services provider’s stock valued at $1,199,134,000 after acquiring an additional 25,029 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Verisk Analytics by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,071,007 shares of the business services provider’s stock valued at $613,560,000 after acquiring an additional 51,690 shares in the last quarter. Flossbach Von Storch AG grew its holdings in shares of Verisk Analytics by 1.2% in the third quarter. Flossbach Von Storch AG now owns 2,994,554 shares of the business services provider’s stock valued at $599,719,000 after acquiring an additional 34,829 shares in the last quarter. Finally, Impax Asset Management Group plc grew its holdings in shares of Verisk Analytics by 18.2% in the second quarter. Impax Asset Management Group plc now owns 2,524,110 shares of the business services provider’s stock valued at $441,012,000 after acquiring an additional 389,246 shares in the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

About Verisk Analytics

Verisk Analytics, Inc is a data analytics provider, which engages in the provision of data analytics for customers in insurance, energy markets and financial services. It operates through the following segments: Insurance, Energy & Specialized Markets, and Financial Services. The Insurance segment serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance.

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