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 brokerages have weighed in on VRSK. Morgan Stanley lifted their target price on Verisk Analytics from $243.00 to $260.00 and gave the company an equal weight rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on Verisk Analytics from $280.00 to $282.00 and gave the company a hold rating in a report on Thursday. Royal Bank of Canada reiterated an outperform rating and issued a $268.00 price target on shares of Verisk Analytics in a report on Thursday. Robert W. Baird lifted their price target on Verisk Analytics from $268.00 to $285.00 and gave the company an outperform rating in a report on Thursday. Finally, Evercore ISI lifted their price target on Verisk Analytics from $250.00 to $260.00 and gave the company an in-line rating in a report on Tuesday, June 25th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $268.29.

Verisk Analytics Stock Performance

Verisk Analytics stock traded up $5.29 during trading hours on Friday, hitting $266.66. 1,232,962 shares of the stock traded hands, compared to its average volume of 781,334. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 1.09. The firm’s 50 day moving average price is $268.95 and its 200-day moving average price is $248.94. The stock has a market capitalization of $37.98 billion, a price-to-earnings ratio of 49.75, a P/E/G ratio of 3.21 and a beta of 0.84. Verisk Analytics has a 1 year low of $215.32 and a 1 year high of $287.13.

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

Verisk Analytics Dividend Announcement

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

Insider Activity

In related news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Kathy Card Beckles sold 326 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the completion of the transaction, the insider now owns 7,470 shares of the company’s stock, valued at approximately $2,033,483.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The disclosure for this sale can be found here. Insiders sold a total of 2,237 shares of company stock valued at $572,739 in the last quarter. 0.40% of the stock is currently owned by company insiders.

About Verisk Analytics

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.