Clarivate (NYSE:CLVT) Issues FY25 Earnings Guidance

Clarivate (NYSE:CLVT) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $0.60-$0.70 for the period, compared to the consensus EPS estimate of $0.73. The company issued revenue guidance of $2.28-$2.40 billion, compared to the consensus revenue estimate of $2.53 billion. Clarivate also updated its FY 2025 guidance to 0.600-0.700 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CLVT. William Blair downgraded shares of Clarivate from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on shares of Clarivate from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Thursday, November 7th. Finally, Barclays lowered their target price on shares of Clarivate from $5.00 to $4.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.10.

Clarivate Stock Performance

CLVT traded down $0.08 during trading on Wednesday, hitting $4.76. 20,477,251 shares of the company traded hands, compared to its average volume of 5,035,243. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3.38 billion, a P/E ratio of -2.39 and a beta of 1.17. Clarivate has a one year low of $4.22 and a one year high of $9.07. The stock’s fifty day moving average is $5.15 and its 200 day moving average is $5.82.

Clarivate declared that its Board of Directors has authorized a share repurchase program on Monday, December 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 12.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Michael J. Angelakis purchased 765,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of $5.19 per share, with a total value of $3,970,350.00. Following the completion of the acquisition, the director now owns 3,465,000 shares in the company, valued at $17,983,350. This represents a 28.33 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 23.14% of the company’s stock.

About Clarivate

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.