Clarivate (CLVT) to Release Quarterly Earnings on Wednesday

Clarivate (NYSE:CLVT) will be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Clarivate (NYSE:CLVT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Clarivate had a negative net margin of 46.53% and a positive return on equity of 10.01%. The company had revenue of $650.30 million during the quarter, compared to analysts’ expectations of $651.94 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. Clarivate’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts expect Clarivate to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clarivate Stock Performance

NYSE:CLVT opened at $6.45 on Tuesday. The stock has a market cap of $4.67 billion, a P/E ratio of -3.38 and a beta of 1.18. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The business’s 50-day moving average price is $6.68 and its two-hundred day moving average price is $6.32. Clarivate has a twelve month low of $4.97 and a twelve month high of $9.60.

Insider Buying and Selling at Clarivate

In related news, Director Saurabh Saha sold 17,646 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $6.75, for a total value of $119,110.50. Following the completion of the transaction, the director now directly owns 23,741 shares in the company, valued at $160,251.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Clarivate news, Director Saurabh Saha sold 17,646 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $6.75, for a total value of $119,110.50. Following the sale, the director now directly owns 23,741 shares of the company’s stock, valued at approximately $160,251.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew Miles Snyder purchased 28,938 shares of Clarivate stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $5.49 per share, with a total value of $158,869.62. Following the completion of the acquisition, the director now directly owns 288,334 shares of the company’s stock, valued at approximately $1,582,953.66. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 197,646 shares of company stock valued at $1,379,111. 22.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CLVT shares. Royal Bank of Canada dropped their target price on shares of Clarivate from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Barclays cut their price target on shares of Clarivate from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.58.

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.