Verisk Analytics (VRSK) to Release Earnings on Wednesday

Verisk Analytics (NASDAQ:VRSK) will post its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Verisk Analytics to post earnings of $1.63 per share for the quarter. Verisk Analytics has set its FY24 guidance at $6.30-6.60 EPS and its FY 2024 guidance at 6.300-6.600 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The company had revenue of $704.00 million during the quarter, compared to the consensus estimate of $699.07 million. During the same period in the prior year, the company earned $1.29 EPS. Verisk Analytics’s revenue was up 8.0% on a year-over-year basis. On average, analysts expect Verisk Analytics to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Verisk Analytics Price Performance

VRSK stock opened at $283.78 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94. Verisk Analytics has a one year low of $215.32 and a one year high of $284.74. The firm has a market capitalization of $40.49 billion, a PE ratio of 52.94, a P/E/G ratio of 3.48 and a beta of 0.84. The firm has a 50-day moving average of $267.55 and a two-hundred day moving average of $248.12.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VRSK shares. UBS Group upped their price objective on shares of Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Evercore ISI upped their price objective on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, BMO Capital Markets upped their price objective on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $258.54.

Insider Activity

In related news, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the completion of the sale, the insider now directly owns 52,500 shares in the company, valued at $13,066,200. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the completion of the sale, the insider now directly owns 7,470 shares in the company, valued at $2,033,483.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the completion of the sale, the insider now owns 52,500 shares of the company’s stock, valued at $13,066,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,237 shares of company stock worth $572,739. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.