Verisk Analytics (NASDAQ:VRSK) Releases Earnings Results, Beats Expectations By $0.10 EPS

Verisk Analytics (NASDAQ:VRSK) released its earnings results on Wednesday. The business services provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10, Briefing.com reports. The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a return on equity of 270.96% and a net margin of 32.03%. Verisk Analytics’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. Verisk Analytics updated its FY24 guidance to $6.30-6.60 EPS and its FY 2024 guidance to 6.300-6.600 EPS.

Verisk Analytics Price Performance

VRSK opened at $261.37 on Friday. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. Verisk Analytics has a 52-week low of $215.32 and a 52-week high of $287.13. The stock has a market capitalization of $37.29 billion, a PE ratio of 48.76, a price-to-earnings-growth ratio of 3.26 and a beta of 0.84. The stock’s 50 day moving average price is $268.65 and its 200-day moving average price is $248.65.

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.60%. Verisk Analytics’s dividend payout ratio (DPR) is currently 29.10%.

Insider Activity

In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the transaction, the chief financial officer now directly owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the transaction, the insider now directly owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the sale, the chief financial officer now owns 16,408 shares in the company, valued at $4,551,251.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,237 shares of company stock valued at $572,739. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday. Morgan Stanley boosted their target price on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group boosted their target price on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. BMO Capital Markets dropped their target price on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Robert W. Baird boosted their target price on Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $268.29.

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.