Brokerages forecast that Verisk Analytics, Inc. (NASDAQ:VRSK) will report sales of $599.87 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Verisk Analytics’ earnings. The lowest sales estimate is $589.68 million and the highest is $606.02 million. Verisk Analytics posted sales of $549.10 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, October 30th.
On average, analysts expect that Verisk Analytics will report full year sales of $2.40 billion for the current year, with estimates ranging from $2.37 billion to $2.41 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.57 billion, with estimates ranging from $2.54 billion to $2.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, July 31st. The business services provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The business had revenue of $601.30 million for the quarter, compared to the consensus estimate of $586.22 million. Verisk Analytics had a net margin of 26.58% and a return on equity of 31.35%.
Several brokerages have recently weighed in on VRSK. Zacks Investment Research upgraded Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $115.00 price target on shares of Verisk Analytics in a research report on Thursday, July 19th. BidaskClub cut Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. SunTrust Banks reiterated a “hold” rating and set a $109.00 price target on shares of Verisk Analytics in a research report on Wednesday, August 1st. Finally, Morgan Stanley upped their price target on Verisk Analytics from $107.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, July 18th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $106.62.
NASDAQ VRSK traded up $1.45 during trading on Friday, hitting $114.78. 921,807 shares of the company’s stock traded hands, compared to its average volume of 836,792. The company has a market cap of $19.86 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. Verisk Analytics has a 12-month low of $83.74 and a 12-month high of $122.80. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.99.
In related news, CFO Lee Shavel acquired 312 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were bought at an average cost of $119.82 per share, for a total transaction of $37,383.84. Following the completion of the transaction, the chief financial officer now owns 29,110 shares in the company, valued at $3,487,960.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $121.97, for a total transaction of $365,910.00. Following the completion of the transaction, the director now owns 82,605 shares in the company, valued at $10,075,331.85. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 945 shares of company stock worth $112,226 and have sold 378,988 shares worth $44,407,655. Corporate insiders own 3.19% of the company’s stock.
Several hedge funds have recently bought and sold shares of VRSK. Dimensional Fund Advisors LP increased its position in shares of Verisk Analytics by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 589,895 shares of the business services provider’s stock worth $61,349,000 after purchasing an additional 16,870 shares during the last quarter. Fiera Capital Corp increased its position in shares of Verisk Analytics by 15.9% in the first quarter. Fiera Capital Corp now owns 10,037 shares of the business services provider’s stock worth $1,044,000 after purchasing an additional 1,376 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Verisk Analytics in the first quarter worth approximately $208,000. Asset Management One Co. Ltd. increased its position in shares of Verisk Analytics by 16.4% in the first quarter. Asset Management One Co. Ltd. now owns 288,018 shares of the business services provider’s stock worth $29,953,000 after purchasing an additional 40,609 shares during the last quarter. Finally, BB&T Securities LLC increased its position in shares of Verisk Analytics by 2.9% in the first quarter. BB&T Securities LLC now owns 83,647 shares of the business services provider’s stock worth $8,698,000 after purchasing an additional 2,318 shares during the last quarter. Institutional investors own 92.33% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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