Verisk Analytics (NASDAQ:VRSK) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Verisk Analytics (NASDAQ:VRSK) issued its earnings results on Wednesday. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07, Briefing.com reports. The company had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. Verisk Analytics updated its FY 2024 guidance to 6.300-6.600 EPS and its FY24 guidance to $6.30 to $6.60 EPS.

Verisk Analytics Trading Up 0.3 %

Shares of NASDAQ VRSK traded up $0.76 during trading on Friday, hitting $275.48. 1,047,078 shares of the company were exchanged, compared to its average volume of 609,307. The company has a fifty day moving average price of $269.07 and a 200-day moving average price of $262.24. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.95 and a current ratio of 0.82. The firm has a market capitalization of $38.90 billion, a PE ratio of 42.98, a P/E/G ratio of 3.47 and a beta of 0.86. Verisk Analytics has a 12-month low of $217.34 and a 12-month high of $287.13.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s payout ratio is currently 24.34%.

Analyst Ratings Changes

A number of research firms have issued reports on VRSK. Robert W. Baird raised their price target on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Barclays upped their target price on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Morgan Stanley increased their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $281.08.

Insider Buying and Selling

In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the completion of the sale, the chief financial officer now owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company 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.