Analysts expect Verisk Analytics, Inc. (NASDAQ:VRSK) to announce $645.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Verisk Analytics’ earnings. The highest sales estimate is $649.07 million and the lowest is $640.86 million. Verisk Analytics posted sales of $601.30 million during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that Verisk Analytics will report full-year sales of $2.57 billion for the current year, with estimates ranging from $2.56 billion to $2.58 billion. For the next year, analysts expect that the business will post sales of $2.74 billion, with estimates ranging from $2.72 billion to $2.77 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. The company had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $618.14 million. Verisk Analytics had a return on equity of 33.36% and a net margin of 24.60%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share.
In other Verisk Analytics news, insider Vincent De P. Mccarthy sold 3,091 shares of Verisk Analytics stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $137.34, for a total transaction of $424,517.94. Following the completion of the sale, the insider now owns 36,441 shares of the company’s stock, valued at $5,004,806.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher M. Foskett sold 10,078 shares of Verisk Analytics stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $146.54, for a total value of $1,476,830.12. Following the sale, the director now directly owns 20,759 shares of the company’s stock, valued at approximately $3,042,023.86. The disclosure for this sale can be found here. Insiders have sold 16,169 shares of company stock valued at $2,334,098 in the last three months. 2.71% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Verisk Analytics by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 2,283,215 shares of the business services provider’s stock worth $248,557,000 after purchasing an additional 168,185 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in Verisk Analytics by 1.2% during the first quarter. Mawer Investment Management Ltd. now owns 1,891,337 shares of the business services provider’s stock worth $251,553,000 after purchasing an additional 22,889 shares during the last quarter. Northern Trust Corp lifted its stake in Verisk Analytics by 1.1% during the first quarter. Northern Trust Corp now owns 1,890,383 shares of the business services provider’s stock worth $251,422,000 after purchasing an additional 21,404 shares during the last quarter. Norges Bank bought a new stake in Verisk Analytics during the fourth quarter worth about $158,450,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Verisk Analytics by 8.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,350,979 shares of the business services provider’s stock worth $179,680,000 after purchasing an additional 102,887 shares during the last quarter. 93.40% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ VRSK traded up $0.64 during mid-day trading on Friday, hitting $151.83. The company had a trading volume of 466,532 shares, compared to its average volume of 755,619. The firm has a market capitalization of $24.55 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. Verisk Analytics has a 1 year low of $102.74 and a 1 year high of $152.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. The business’s 50-day simple moving average is $145.35.
The firm also recently disclosed a special dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, June 13th. Verisk Analytics’s dividend payout ratio is 24.33%.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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