Verisk Analytics (NASDAQ:VRSK) Issues FY 2024 Earnings Guidance

Verisk Analytics (NASDAQ:VRSK) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS estimate of 6.560. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. Verisk Analytics also updated its FY24 guidance to $6.30-6.60 EPS.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group raised their target price on Verisk Analytics from $255.00 to $285.00 and gave the stock a neutral rating in a report on Tuesday, July 9th. Evercore ISI raised their target price on Verisk Analytics from $250.00 to $260.00 and gave the stock an in-line rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft raised their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a hold rating in a report on Thursday. BMO Capital Markets reduced their target price on Verisk Analytics from $278.00 to $263.00 and set a market perform rating on the stock in a report on Thursday. Finally, Morgan Stanley raised their price target on Verisk Analytics from $243.00 to $260.00 and gave the stock an equal weight rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $268.29.

Verisk Analytics Stock Up 2.0 %

Verisk Analytics stock traded up $5.29 during midday trading on Friday, reaching $266.66. The stock had a trading volume of 1,232,962 shares, compared to its average volume of 781,334. The firm’s fifty day simple moving average is $268.95 and its 200-day simple moving average is $248.94. Verisk Analytics has a 1-year low of $215.32 and a 1-year high of $287.13. The stock has a market capitalization of $37.98 billion, a P/E ratio of 49.75, a price-to-earnings-growth ratio of 3.21 and a beta of 0.84. The company has a debt-to-equity ratio of 5.86, a quick ratio of 1.09 and a current ratio of 0.95.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.10. The firm had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. As a group, analysts expect that Verisk Analytics will post 6.55 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.59%. Verisk Analytics’s dividend payout ratio is 29.10%.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares in the company, valued at $4,551,251.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the transaction, the insider now directly owns 7,470 shares in the company, valued at approximately $2,033,483.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $277.38, for a total value of $55,476.00. Following the transaction, the chief financial officer now owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The disclosure for this sale can be found here. Insiders sold a total of 2,237 shares of company stock worth $572,739 over the last ninety days. 0.40% of the stock is currently owned by corporate 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.