CCC Intelligent Solutions (CCCS) to Release Quarterly Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS) is set to release its earnings data after the market closes on Tuesday, July 30th. Analysts expect CCC Intelligent Solutions to post earnings of $0.08 per share for the quarter. CCC Intelligent Solutions has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. The firm had revenue of $227.24 million during the quarter, compared to analyst estimates of $225.21 million. On average, analysts expect CCC Intelligent Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CCC Intelligent Solutions Price Performance

Shares of CCC Intelligent Solutions stock opened at $11.10 on Monday. The company has a 50-day simple moving average of $11.36 and a two-hundred day simple moving average of $11.39. CCC Intelligent Solutions has a twelve month low of $10.32 and a twelve month high of $13.41. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of -52.86 and a beta of 0.62. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.43.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, insider Mary Jo Prigge sold 100,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $11.50, for a total transaction of $1,150,000.00. Following the completion of the sale, the insider now directly owns 86,825 shares in the company, valued at approximately $998,487.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.50, for a total value of $1,150,000.00. Following the sale, the insider now owns 86,825 shares in the company, valued at $998,487.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director International L.P. Advent sold 41,622,992 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $11.43, for a total value of $475,750,798.56. Following the sale, the director now owns 3,812,112 shares in the company, valued at approximately $43,572,440.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,777,216 shares of company stock valued at $771,814,055. 6.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.63.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.