Verisk Analytics (NASDAQ:VRSK) Updates 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.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley upped their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an equal weight rating in a research note on Wednesday. Robert W. Baird increased their price objective on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an outperform rating in a report on Thursday. UBS Group upped their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a neutral rating in a research report on Tuesday, July 9th. 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. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Verisk Analytics from $280.00 to $282.00 and gave the stock a hold rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $268.29.

Verisk Analytics Stock Up 2.0 %

VRSK traded up $5.29 during midday trading on Friday, hitting $266.66. 1,232,962 shares of the company’s 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 company has a market cap of $37.98 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 3.21 and a beta of 0.84. Verisk Analytics has a one year low of $215.32 and a one year high of $287.13. The stock’s fifty day simple moving average is $268.95 and its 200-day simple moving average is $248.94.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data 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. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The business had revenue of $716.80 million for the quarter, compared to the consensus estimate of $722.45 million. During the same period last year, the business earned $1.51 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Verisk Analytics will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

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

Insider Buying and Selling

In other news, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the completion of the transaction, the insider now owns 52,500 shares of the company’s stock, valued at $13,066,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the sale, the chief financial officer now directly owns 16,408 shares in the company, valued at approximately $4,551,251.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total transaction of $376,057.68. Following the completion of the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,237 shares of company stock valued at $572,739. 0.40% of the stock is 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.